The biggest names in Bitcoin ownership have quietly moved billions of dollars worth of assets in the most recent week. Bitcoin held above $74,000 as BlackRock’s iShares Bitcoin Trust (IBIT) lost more than $1 billion in BTC through a series of daily redemptions, with Satoshi-era miners moving $203 million to the over-the-counter trading desk, showing that someone on the other side of these trades is absorbing the pressure.
Bitcoin wallets linked to BlackRock lose over $1 billion in IBIT leak
Arkham Intelligence The data shows it Bitcoin wallets linked to BlackRock were sold every trading day last week, with total sales for the entire week reaching approximately $1.01 billion. that Tracked movements are tied Approximately 15,000 BTC was transferred via Coinbase Prime, a flow that appears to be linked to the redemption of BlackRock’s iShares Bitcoin Trust, IBIT.
however Sales did not stop there, This is because the leak continued until this week. On May 25, an additional outflow of $105.19 million was recorded from IBIT, and on May 26, an additional outflow of $333.71 million was recorded, extending the pressure to new weeks.
IBIT’s holdings peaked above $75 billion in the first half of May and briefly neared $75.5 billion around May 11, according to Arkham’s balance history data. From that point on, fund balances fell almost uninterrupted, falling below $67 billion on May 26, a decline of about $8 billion from peak to trough in less than three weeks.
According to data from SoSoValue, 11 Bitcoin ETFs in the U.S. Net outflow recorded $1.26 billion over 5 trading days from May 18 to May 22. This turnaround is noteworthy, considering that April recorded net inflows of $1.97 billion, the highest monthly total in 2026 and a record-setting month in early May.
BlackRock Bitcoin Balance History. Source: Arkham
Satoshi-era miners move $203 million into Bitcoin
ETF outflows aren’t the only large wallet activity attracting attention. no way Bitcoin Miner Movement in the Satoshi Era 2,650 BTC, worth approximately $203 million, will be offered to FalconX and Cumberland, two major OTC desks used by large holders and institutional counterparties. The transfer was split into three transactions, and the wallet still holds about 6,000 BTC, worth about $460 million.
OTC desks are used to reduce noticeable price impacts. This is especially true when large holders want to find private counterparties rather than dropping blocks of coins directly on a cryptocurrency exchange. There are also cases where Satoshi-era coins move from an inactive supply to an active supply.
The strange part about this setup is that retail behavior doesn’t quite match the outflow from large wallets. Deep bidding language It’s been talked about loudly across cryptocurrency social media, and Bitcoin’s ability to hold above $76,000 despite ETF-linked selling of more than $1 billion has helped keep the bullish crowd energized.
The question Arkham is asking is, “If BlackRock sells… who buys it?” Captures the current split. Supply is clearly moving, but there is still enough demand to prevent Bitcoin from falling just below $76,000.
Featured image created with Dall.E, chart from Tradingview.com
editing process for focuses on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards and each page is diligently reviewed by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of the content for readers.
