The iShares Bitcoin ETF (IBIT) fell again today. In the last 5 days the IBIT has dropped 16.42% and it is now off 12.79% in the year-to-date.
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According to technical analysis, the IBIT has a Sell consensus based on 14 Bearish, 1 Neutral and 7 Bullish ratings.
Overall, 1.7% of all portfolios hold the IBIT.
Today’s IBIT Performance
Today, the IBIT dropped 3.86% to $41.63. The bitcoin price was down 2.66% at $73,646.
Top investor Michael Burry warned today that Bitcoin could face deeper losses, with risks spreading across the broader crypto market. In a recent Substack post cited by Bloomberg, Burry said the latest selloff could turn into a self-reinforcing decline that harms both prices and balance sheets.
Burry’s warning suggests the decline of recent weeks is more than a routine pullback. Instead, he argues it could test how resilient corporate and institutional crypto adoption really is.
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