Bitcoin Falls Into High-Risk Zone as $2B in ETF Outflows Accelerate Amid Geopolitical Tensions

According to Swissblock, Bitcoin's Risk Index climbed to 33 out of 100 this week, pushing the market into a high-risk zone as spot Bitcoin ETFs record persistent capital outflows. Data from on-chain analytics firm Glassnode showed US spot Bitcoin ETFs have recorded net outflows almost every trading day since May 7, with more than $2 billion leaving the market over two weeks.

Geopolitical tensions intensified pressure on risk assets after reports of new US strikes on Iranian military targets. The US Central Command described the operations as defensive actions targeting missile infrastructure and vessels suspected of laying naval mines, triggering volatility across Bitcoin and other higher-risk assets.