iShares Bitcoin Trust ETF is trading 3.1% down today as Bitcoin trades near multi-month lows and tests key technical support levels around the mid-$60,000s.
- Market sentiment remains weak following several days of sizeable U.S. Bitcoin ETF outflows, with the heaviest volume recorded in iShares Bitcoin Trust ETF.
- Selling pressure is further driven by a rare sale from major corporate holder Strategy and a general investor rotation out of risk assets and digital tokens amid rising geopolitical tensions.