Bitcoin Faces High Risk as Institutional Selling Continues

Bitcoin is experiencing a high-risk environment due to ongoing institutional selling, according to Swissblock, a crypto analysis platform. The Bitcoin risk index currently stands at 33, indicating a high-risk zone. Swissblock highlights that institutional selling often structurally overwhelms the market when the risk index signals selling pressure. According to ChainCatcher, Glassnode reports that U.S. Bitcoin ETFs have recorded net outflows almost every trading day since May 7, adding pressure to the supply side without any offsetting demand. CoinEx's Chief Analyst Jeff Ko noted that spot ETFs have seen outflows exceeding $2 billion over the past two weeks, with institutional risk appetite remaining marginally sensitive. On Tuesday morning, news of a new U.S. strike on Iran further intensified the risk, causing Bitcoin to drop 1%, falling below $76,500 from $77,000.