February 6 News, despite the continued weakness in Bitcoin prices, Belgrade’s Bitcoin spot ETF has experienced a rare surge in trading volume. Nasdaq data shows that its IBIT single-day trading volume exceeded 284 million shares, with a nominal trading value surpassing $10 billion, setting a new record and becoming one of the most closely watched market signals during this round of decline.
This trading volume more than doubled the previous high on November 21, 2025. On that day, IBIT’s stock price fell 13%, breaking below $35 for the first time since October 2024, with a total decline of 27% this year. Bloomberg analyst Eric Balchunas stated on X platform that this is the second-largest single-day decline since the ETF’s listing. The simultaneous increase in trading volume and price decline indicates that the market is experiencing a dramatic shift in sentiment.
High trading volume coupled with deep retracement is often seen as a sign of “capitulation selling,” and some institutions believe this phenomenon may indicate the formation of a bottom. However, capital flows remain cautious. Data shows that Belgrade has recently been transferring some tokens to adjust positions during the downturn, which has resulted in net outflows from its ETF over the past week.
Selling pressure is not limited to the ETF sector. Mining company MARA Holdings was also reported to have transferred approximately 1,317 Bitcoins, worth about $87.4 million, with one transfer exceeding $43 million flowing to a Two Prime-related address. The company’s stock price dropped 18% in a single day, pressured in tandem with Bitcoin. Meanwhile, companies like Metaplanet have publicly stated they will continue to increase holdings, forming a stark contrast.
During this round of correction, Bitcoin briefly dipped into the $60,000 range. The differing choices of institutions and enterprises reflect that the market is in a phase of confidence rebuilding. Whether the high trading volume indicates panic selling remains to be seen, but it is clear that ETF capital flows have become an important indicator for judging the next phase of market trends.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid Crude Oil Contracts Exceed $2.2 Billion in 24-Hour Trading Volume, Second Only to Bitcoin
Gate News reported that on March 24, Hyperliquid crude oil contracts recorded a 24-hour total trading volume exceeding $2.2 billion, ranking third among all trading products, second only to BTC's $3.78 billion and ETH's $1.54 billion. Among these, the CL contract (mapped to WTI crude oil, or US West Texas Light Crude) had trading volume exceeding $1.25 billion, and the BRENTOIL contract (mapped to Brent crude oil, or North Sea crude oil) had trading volume exceeding $960 million.
GateNews1m ago
CoinShares applies for a Bitcoin volatility ETF, ticker symbol CBIX
Gate News report: On March 24, according to disclosure by Bloomberg Senior ETF Analyst Eric Balchunas, asset management company CoinShares has submitted an application to regulators for a Bitcoin Volatility ETF with the product ticker $CBIX.
GateNews7m ago
Institutional Strategy Targets $44.1B to Accelerate Bitcoin Buying
Strategy, the Bitcoin-focused vehicle led by Michael Saylor, is intensifying its capital-raising efforts to fund ongoing BTC purchases. In a recent 8-K filing with the U.S. Securities and Exchange Commission, the company disclosed plans to raise as much as $44.1 billion through a mix of equity and p
CryptoBreaking13m ago
NYSE Lifts Crypto Options Cap Across 11 BTC and ETH ETFs
Two NYSE-affiliated venues have scrapped the 25,000-contract cap on options tied to 11 crypto ETF options, a move the exchanges filed with the Federal Register on March 10. The Securities and Exchange Commission acknowledged the rule alterations on Sunday by waiving the standard 30-day waiting
CryptoBreaking28m ago
LIGHT (heaven) up 28.83% in 24 hours, market cap approximately 15.5177 million USD
Gate News reported that on March 24th, according to Gate's market data, as of press time, LIGHT (heaven) is trading at $0.3604, up 28.83% in the past 24 hours, with a high of $0.3929 and a low of $0.2498. The 24-hour trading volume reached $5.3691 million. The current market cap is approximately $15.5177 million.
Bitlight Labs is a Bitcoin and Lightning Network infrastructure company and a major contributor to the RGB protocol. As a member of the LNP/BP Association, the company is dedicated to enabling native smart contracts and stablecoin transactions on Bitcoin and the Lightning Network.
GateNews31m ago
Whale transferred 464 BTC to a certain CEX 2 hours ago, realizing approximately $2 million in gains
Gate News reported that on March 24, according to Ember monitoring, a whale transferred 464 BTC (worth $32.82 million) to a certain CEX 2 hours ago. The whale purchased this batch of BTC one month ago at an average price of $66,317, and sold it today at a price of $70,713, realizing a profit of approximately $2 million.
GateNews53m ago
