ChainCatcher reports, citing Cointelegraph, that crypto analytics platform Swissblock states Bitcoin is sliding into a high-risk environment due to continued institutional selling. Its Bitcoin Risk Index currently stands at 33, placing it in the high-risk zone. Swissblock points out that every time the risk index signals structurally overwhelming selling pressure on the market, it's because of institutional selling.
Glassnode reports that US Bitcoin ETFs have seen net outflows almost every trading day since May 7th, with institutional selling signals persisting for over two weeks, continuously increasing pressure on the supply side without any corresponding demand offset. CoinEx's chief analyst, Jeff Ko, stated that spot ETFs have seen outflows exceeding $2 billion in the past two weeks, indicating that institutional risk appetite remains marginally sensitive. News of a new US strike against Iran on Tuesday morning further exacerbated the risk, causing Bitcoin to fall 1%, from $77,000 to below $76,500.
