Bitcoin ETF Sell-Off Intensifies as Key Support Level Fails

The iShares Bitcoin Trust ETF (IBIT) finds itself navigating turbulent waters as Bitcoin’s price deterioration accelerates. The digital currency recently breached the critical psychological threshold of $90,000, reaching its lowest point in seven months and standing approximately 30% below its October peak near $126,000. This downward trajectory stems from multiple headwinds, including macroeconomic uncertainty, shifting interest rate expectations, and growing apprehensions about U.S. fiscal policy.

Market sentiment has turned decidedly risk-averse, with institutional investors demonstrating increased caution toward cryptocurrency exposures. This defensive positioning has triggered substantial outflows from crypto exchange-traded funds globally. The current market dynamic reveals a broad retreat from risk-sensitive assets, occurring despite underlying structural support from continuing institutional Read more...