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Bitcoin slumps after large sale of BlackRock spot bitcoin ETF shares spotted in dark pool

Bitcoin fell sharply shortly after a large dark-pool sale of BlackRock\'s spot bitcoin ETF shares, Cointelegraph reported. An unidentified trader sold 29.2 million shares of iShares Bitcoin Trust (IBIT) in a single block, a transaction worth about $1.3 billion. Bitcoin dropped from $77,875 to $76,720 in about 10 minutes and later slid to $75,600 over 24 hours. U.S. spot bitcoin ETFs extended a streak of net outflows to eight sessions.