Institutions flee Bitcoin as war breaks out — short the crypto dip
Wall Street funds are dumping their Bitcoin at a record pace right as a massive global crisis in the Middle East is exploding. When恐慌 hits the market and institutions pull their money out of risky assets, Bitcoin usually continues to fall alongside stocks.
Idea
Institutional investors have been fleeing Bitcoin, resulting in a $2.7 billion sell-off in Bitcoin ETFs, and there is no sign of demand recovery. This massive institutional dumping is happening simultaneously with a massive geopolitical shock—US military strikes on Iran and the collapse of a ceasefire—which has sent stock futures diving. When institutional money flees to the sidelines due to global panic, high-risk assets like Bitcoin tend to suffer double-digit drawdowns as investors rush to cash.
What happened since
| Symbol | Dir | T+1 | T+5 | T+20 |
|---|---|---|---|---|
| BTC | SHORT | +0.13% ✗ | — | — |
Price change since publication · updated Jul 11