BlackRock’s IBIT record 10B trading day as heavy redemptions and put demand dey signal peak selling
BlackRock spot Bitcoin ETF (IBIT) record one single-day volume — about 284 million shares bin-trade, wey represent over $10 billion notional — as e price drop about 13% to near $35, di lowest since October 2024. The episode come with big net outflows: IBIT process about $175.3 million redemptions that day, about 40% of the $434.1 million cumulative net outflows across 11 spot BTC funds. Options activity show heavy tilt toward longer-dated put contracts, wit put premiums trading more than 25 volatility points above calls, fit signal heavy hedging and high investor fear. IBIT share-price move follow Bitcoin closely: BTC fall about 12% intraday to about $64,000 (dip near $60,300) and don lose about 50% from its October peak. Traders and analysts cite weak US jobs data and strong flows into AI equities as short-term selling catalysts. Market veterans warn of continued liquidation pressure and weak bid demand. For traders, the combination of record ETF volume, large redemptions and dominant put bias mean intense institutional selling and high short-term volatility; IBIT flows remain useful real-time gauge of institutional reaction to price shocks and fit foreshadow either extended capitulation phase or start of slow bottoming process depending on how liquidity and sentiment develop.
Bearish
Di tori dey show say selling pressure don increase for Bitcoin wey institutional activity through BlackRock’s IBIT dey drive: record ETF volume, big same-day redemptions and strong bias for options toward long-dated puts all mean heavy hedging and capitulation. IBIT price mirror BTC sharp intraday drop, confirm say the fund and spot bitcoin dey highly correlated. For short term, expect volatility to rise and downside pressure as liquidity dey consumed and weak bids fit allow further markdowns. Dominant put demand and net outflows increase chance of continued selling or stop-run dynamics before any relief. For medium-to-long term, this fit be intense capitulation wey dey come before slow bottoming if liquidity stabilize and sellers finish; but without clear liquidity inflection or supportive macro data, downside risk remain. For traders, immediate takeaway na expect higher volatility, use tighter risk controls, monitor ETF flows and option skew for real-time signals, and no dey assume immediate bullish reversal until you see sustained inflows or improved liquidity.