Heavy trading in BlackRock’s iShares Bitcoin Trust ETF (IBIT) on Thursday was linked to an alleged large institutional sale rather than the drop in Bitcoin’s (BTC) price to around $60,000. Parker, a market watcher, noted that IBIT saw its highest trading volume ever, with about $10.7 billion traded in a single day. He added that around $900 million in options premiums were traded the same day, marking a record high for IBIT. Parker pointed out that the size of trading activity, along with relatively low liquidations on centralized crypto exchanges, suggested the selling did not come from regular crypto traders. ... (full story)