Coin Bureau CEO: $1.26 Billion Bitcoin Exposure Liquidated in Single Trade

Coin Bureau CEO Nic Puckrin reported a significant sell-off involving IBIT, resulting in the liquidation of $1.26 billion in Bitcoin exposure in a single transaction. According to NS3.AI, Puckrin referenced an analysis by NYDIG, noting that the trade generated $29 million in fees. The identity of the seller remains unknown, Puckrin added.