Geopolitical Tensions Rise as Bitcoin Sees Another Black Monday
Original Title: Bitcoin Starts Week on Shaky Ground Amid Geopolitical Jitters
Original Author: Suvashree Ghosh, Bloomberg
Translation: Peggy, BlockBeats
Editor's Note: With escalating geopolitical risks, market risk aversion quickly rose, funds moved away from risky assets, and safe-haven assets such as gold were sought after. Bitcoin saw a slight rebound in Asian early trading after a sharp weekend plunge. FalconX pointed out that this is more like a "brief pause" rather than a true reversal; meanwhile, the U.S. physical Bitcoin ETF saw net outflows for five consecutive days last week, totaling $1.7 billion, almost wiping out the previous inflows.
The following is the original text:
Bitcoin saw a significant drop on Sunday, casting a shadow over the start of a new week. Despite a slight rebound in Asian early trading, as global geopolitical tensions heated up, market risk appetite cooled off, funds moved away from risky assets, and flowed into safe-haven assets such as gold.
The world's largest cryptocurrency plunged 3.5% on Sunday, hitting a low not seen since 2026, dropping to just above $86,000, then recovering to $87,733 in early Monday trading in Singapore. The second-largest token by market value, Ethereum, fell 5.7% at one point, then rebounded by 2% to $2,872, still near its lowest level since mid-December.
Sean McNulty, Head of Derivatives Trading for Asia-Pacific at FalconX, said that Monday's stabilization is "more like a brief respite than a strong rebound." "As of this morning, we have not seen a large influx of funds."
According to data compiled by Bloomberg, the U.S. physical Bitcoin ETF saw net fund outflows for five consecutive trading days last week, totaling $1.7 billion, almost erasing the net inflows of the previous four days.
Sean McNulty, Head of Derivatives Trading for Asia-Pacific at FalconX, said that Monday's stabilization is "more like a brief respite than a strong rebound." "As of this morning, we have not seen a large influx of funds."
According to Bloomberg's summary data, the U.S. physical Bitcoin ETF saw net fund outflows for five consecutive trading days last week, totaling $1.7 billion, almost erasing the net inflows of the previous four days.
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