Bitcoin Price Shrugs off $1.3B BlackRock ETF Block Sale

BTC

BTC/USDT

$79,763.99

+0.11%

$79,763.99

+0.11%

(24s)

24h Volume

$6,086,918,080.06

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,747.52

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,878.72

Price$79,747.52

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

Cointelegraph Staff

(02:24 PM UTC)

1 min read

Verified byDavid Kim

0 comments

A roughly $1.3 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) tested liquidity in the largest spot Bitcoin exchange-traded fund (ETF) as Bitcoin products faced a fresh stretch of outflows.

Bloomberg’s ETF analyst, Eric Balchunas, confirmed the transaction, adding that the market “absorbed it well” as IBIT’s price remained largely unchanged, he wrote in a Tuesday X post.

Bitcoin's…