iShares Bitcoin Trust ETF - iSh
Investment Thesis
IBIT has broken critical $40 support and is exhibiting accelerating downside momentum as Bitcoin ETF flows deteriorate sharply amid macro headwinds. With the Fed maintaining hawkish stance causing 4%+ Bitcoin selloffs, deteriorating ETF flows ($829M outflows offsetting earlier inflows), and IBIT trading at fresh multi-week lows, the technical breakdown suggests continuation toward the $37-38 range tested previously.
Why It May Work
Why It May Not Work
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