Bitcoin gauge tracking selling pressure moves into 'high-risk' zone as ETF demand slumps
CoinDesk
Bitcoin's risk index has entered a high-risk zone as demand for U.S. spot ETFs weakens and selling pressure increases.Summary
A market risk index from Swissblock indicates that Bitcoin has entered a 'high-risk' territory due to a significant decline in demand for U.S. spot Bitcoin ETFs. While these ETFs were instrumental in driving price rallies earlier in the year, recent data shows a shift toward distribution, meaning institutional demand is no longer effectively absorbing selling pressure from miners and traders. While some analysts note that potential 'golden cross' indicators suggest a positive outlook, the weakening ETF flow poses a structural challenge to the current price rally.
(Source：CoinDesk)