{"id":21457,"date":"2026-02-06T09:22:42","date_gmt":"2026-02-06T09:22:42","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoins-drop-below-63k-sparks-blackrocks-ibits-biggest-trading-day-on-record\/"},"modified":"2026-02-06T09:22:47","modified_gmt":"2026-02-06T09:22:47","slug":"bitcoins-drop-below-63k-sparks-blackrocks-ibits-biggest-trading-day-on-record","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoins-drop-below-63k-sparks-blackrocks-ibits-biggest-trading-day-on-record\/","title":{"rendered":"Bitcoin\u2019s drop below $63k sparks BlackRock\u2019s IBIT\u2019s biggest trading day on record"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BlackRock\u2019s iShares Bitcoin Trust ETF has hit a new all-time high in daily trading volume as the bellwether cryptocurrency posted one of its largest intraday drops on Thursday.<\/p>\n<div id=\"cn-block-summary-block_acccbd826780cd16c811d336009a86ee\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BlackRock\u2019s IBIT set a new daily trading volume record near $10 billion on Feb. 5.<\/li>\n<li>Bitcoin dropped as much as 15% intraday as investors digested a plethora of negative headlines.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/EricBalchunas\/status\/2019522889435812298\" target=\"_blank\" rel=\"nofollow\">noted<\/a> by Bloomberg ETF analyst Eric Balchunas, IBIT reportedly \u201ccrushed its daily volume record\u201d on Feb. 5 as nearly $10 billion worth of shares were traded.<\/p>\n<p>Last time the fund posted a volume record was on Nov. 21, when it saw $8 billion in volume, and over the past several trading sessions, it has recorded daily volumes above $5 billion.<\/p>\n<p>Thursday also marked the ETF\u2019s \u201csecond-worst daily price drop since it launched,\u201d as it fell 13% on the day.<\/p>\n<p>As of Feb 4, IBIT <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/bigChart\/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC&amp;isDynamicHkPage=1\" target=\"_blank\" rel=\"nofollow\">recorded<\/a> outflows totaling $373.4 million following two subsequent days of inflows where over $200 million had flowed in. Likewise, it has struggled to maintain a steady inflow pattern, primarily due to Bitcoin\u2019s persistent downtrend since its October all-time high of $126,080.<\/p>\n<p>According to Unlimited Funds chief asset manager Bob Elliot, by last week\u2019s close, IBIT was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/BobEUnlimited\/status\/2017944185140134033\" target=\"_blank\" rel=\"nofollow\">already underwater<\/a> on average investment cost, with many holders sitting on losses.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Bitcoin price at risk<\/h1>\n<p>Bitcoin (BTC) has dropped over 49% since hitting its all-time high, and has posted one of its largest single-day drops on Thursday as it fell by 15% from $73,100 at open to a low near $62,400.<\/p>\n<p>Risk sentiment seems to have faded from the market as investors reacted to weak jobs data and tightening macroeconomic and geopolitical factors, alongside concerns over artificial intelligence sector-related spending.<\/p>\n<p>The situation could worsen from here on, as Bitcoin has slashed through multiple key support areas and was trading just above $64,800 at press time.<\/p>\n<p>According to Bloomberg analysts, the recent global market stress could push Bitcoin as low as $10,000 as the current situation bears similarities to the 2008 financial crisis and the 2000\u20132001 dot-com downturn.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock\u2019s iShares Bitcoin Trust ETF has hit a new all-time high in daily trading volume as the bellwether cryptocurrency posted one of its largest intraday drops on Thursday. Summary BlackRock\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21457"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21457\/revisions"}],"predecessor-version":[{"id":21458,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21457\/revisions\/21458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15282"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}