In a record-breaking move, investors pulled $418.1M from BlackRock's iShares Bitcoin Trust in just one day as Bitcoin hit yearly lows. This marks the largest outflow to date, surpassing January's $332M exit. With a staggering $3B leaving crypto products in the past week, market capitalization has dipped 5.6% to $2.9T. Experts warn against panic selling, citing typical corrections in bull cycles. As hedge funds unwind positions, the question remains: is this a temporary blip or the start of a deeper downturn?

#Bitcoin #CryptoMarket #InvestingInsights $BTC #bitcoin