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Bitcoin price dips after BlackRock's iShares Bitcoin Trust sells $1.3B in shares, signaling potential further decline.

Market News
27 May 2026
Finbold
View Source
Bearish
pluang ai news

Bitcoin's price dropped nearly 2% to around $75,680 after BlackRock's iShares Bitcoin Trust (IBIT) executed its largest single sale of $1.289 billion through a dark pool, selling over 29 million shares. This sell-off contributed to a $30 billion decrease in Bitcoin's market capitalization, now about $1.5 trillion. IBIT has seen seven consecutive days of cash outflows totaling $1.33 billion, indicating sustained investor withdrawal. Financial analysts predict Bitcoin could fall another 4% to retest support near $72,884 within the next week, reflecting ongoing pressure on U.S. spot BTC ETFs.

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