Stock Market Impact: Bitcoin fell 3.4% to $63,478, its lowest level since early February, representing a four‑month low and roughly 50% below its October record high. The decline was driven by sustained outflows from spot Bitcoin exchange‑traded funds (ETFs) and the first Bitcoin sale by corporate holder Strategy since late 2022.
ETF Outflows: Data from SoSoValue showed $396 million withdrawn from Bitcoin ETFs on Wednesday, adding to about $1.02 billion withdrawn earlier in the week and a cumulative $3.7 billion outflow over the past three weeks, reflecting heightened risk aversion amid macro‑economic disruptions linked to the U.S.–Iran conflict.
Corporate Activity: Strategy disclosed a Bitcoin sale on Monday, the first since 2022. Although the exact amount sold was not disclosed, the market reacted with a 14% weekly decline in Bitcoin. Analysts at Yield Basis warned that corporate treasury holdings of Bitcoin provide no cash flow or yield, forcing sales during periods of deleveraging.
Analyst Outlook: Geoffrey Kendrick, global head of digital assets research at Standard Chartered, maintained a year‑end Bitcoin price target of $100,000, describing the recent weakness as a “buying zone.” He cautioned that a drop below $60,000 could trigger additional selling pressure.
Altcoin Performance: Ether fell 3.2% to $1,769.56; XRP declined 4.2% to $1.1674; BNB slipped 4%; Solana down 6.3%; Cardano down 10%; Dogecoin down 5.4%; meme‑coin $TRUMP fell 10.4%.
Geopolitical Context: A tentative ceasefire between Israel and Lebanon was signed, easing some Middle‑East tensions. President Donald Trump indicated possible progress in talks with Iran, while Iran’s foreign minister said diplomatic contact with Washington remained open, and Tehran reportedly halted indirect messaging to the U.S.
