iShares Bitcoin Trust ETF - iSh
Investment Thesis
IBIT faces continued downward momentum as Bitcoin enters a sustained bear phase, with structural outflows accelerating despite temporary stabilization. At $40.11, IBIT remains vulnerable to further deleveraging as retail investors sitting on 8-9% losses from the $84,100 average entry price capitulate, while the broader 'Sell America' sentiment and U.S. asset de-risking theme create persistent headwinds for dollar-denominated crypto assets.
Catalysts to Watch
Bitcoin breaking $75,000 support, ETF outflow acceleration, Fed hawkish signals, continued dollar strength, retail capitulation events
Why It May Work
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