Crypto Daily | Saylor Hints at Fresh Bitcoin Buys as IBIT Sees $1.26B Block Sale; CryptoQuant CEO Warns of Bear Market Until 2027

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Just-In: Michael Saylor Drops Hint On Resuming Bitcoin Purchases This Week

Bitcoin advocate Michael Saylor has hinted at another Bitcoin acquisition by Strategy yet again. For this, he posted one of his favorite market signals on social media.Strategy Executive Chairman Michael Saylor shared a post on X on Sunday, May 31, captioned “Working Better.” The Orange Dots chart, which Saylor has shared over many times when announcing new Bitcoin purchases, accompanied this message.

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor

A $1.26 billion block sale of BlackRock’s IBIT shares was likely a rapid exit by a large investor, not an arbitrage unwind, according to NYDIG.

The seller of the $1.26 billion IBIT block accepted a 2.3% discount ($29.5 million loss), signaling a priority on speed and certainty over maximizing price.

NYDIG rejected the "basis trade" theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.

Bitcoin Bear Market Will Last Until 2027: CryptoQuant CEO

Bitcoin’s bear run may persist through early 2027, warned CEO of CryptoQuant Ki Young Ju. For this, he cited on-chain data that suggests a longer bear market ahead.Ju, in a post on X, stated that, “Once profit-taking cascades, Bitcoin investors’ PnL typically falls for about 18 months.” Since the trend change started in October 2025, “the bear market could last until early 2027,” he added.

The CryptoQuant CEO added that the trend hasn’t been recovering so far. “The trend only changes when unrealized profits rise and realized profits fall. We’re not there yet,” he wrote.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF last Friday​ was $125.31 million. The total net asset value of Bitcoin spot ETFs is $94.17 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.38%.

来源：SoSoValue

The Bitcoin spot ETF with the highest net outflow on May 29 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $68.20 million, according to SoSoValue.