Geopolitical Tensions Rise as Bitcoin Faces Black Monday
Original Article Title: Bitcoin Starts Week on Shaky Ground Amid Geopolitical Jitters
Original Article Author: Suvashree Ghosh, Bloomberg
Translation: Peggy, BlockBeats
Editor's Note: With geopolitical risks escalating, market risk aversion quickly emerged, leading to a retreat of funds from risk assets and a rush towards safe-haven assets such as gold. Following a steep weekend drop, Bitcoin saw a slight rebound in early Asia trading. FalconX noted that this appears more like a "temporary pause" than a true reversal. Meanwhile, the U.S. Bitcoin spot ETF saw net outflows for the fifth consecutive day last week, totaling $1.7 billion, nearly wiping out the previous inflows.
The following is the original article:
Bitcoin plunged significantly on Sunday, casting a shadow over the start of the new week. Despite a minor rebound in early Asian trading, as global geopolitical tensions escalated, market risk appetite cooled off, leading to a flight of funds from risk assets to safe-haven assets such as gold.
The world's largest cryptocurrency fell by as much as 3.5% on Sunday, hitting a low not seen since 2026 of just above $86,000, before recovering to $87,733 in Monday's early Singapore trading. The second-largest token by market value, Ethereum, initially dropped by 5.7% but later bounced back 2% to reach $2,872, still close to its lowest level since mid-December.
Sean McNulty, Head of Derivatives Trading for FalconX in the Asia-Pacific region, stated that Monday's recovery "looks more like a brief respite than a strong rebound." "As of this morning, we have not seen a large inflow of funds."
According to data compiled by Bloomberg, the U.S. Bitcoin spot ETF saw net fund outflows for five consecutive trading days last week, totaling $1.7 billion, nearly offsetting the net inflows of the previous four days.
Sean McNulty, Head of Derivatives Trading for FalconX in the Asia-Pacific region, stated that Monday's recovery "looks more like a brief respite than a strong rebound." "As of this morning, we have not seen a large inflow of funds."
According to Bloomberg's data summary, the U.S. Bitcoin spot ETF saw net fund outflows for five consecutive trading days last week, totaling $1.7 billion, nearly offsetting the net inflows of the previous four days.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
