The Crypto Crash: Stress Test for Institutional Conviction
Hey friends, I just read an article on Medium and I'm still reeling from the news. BlackRock's Bitcoin ETF (IBIT) just experienced its most turbulent trading day since launch, with a record-breaking $10 billion in daily trading volume. But here's the thing: this massive activity isn't about fresh adoption, it's about stress-driven exits, repositioning, and forced selling.
As Bitcoin's price plummeted, investors rushed to react, and IBIT fell 13% - its second-worst daily performance. It's clear that volatility has returned to the crypto market, and institutional conviction is being put to the test.
What do you think is driving this sell-off? Share your thoughts in the comments!