Over $290 million of Bitcoin ETFs was withdrawn last week due to a "risk-off" trend across global markets, according to Farside Investors' data. This was due to rising geopolitical and macro pressures, including a slide to a three-week low and the S&P 500's fifth consecutive weekly loss. The sharpest single-day move was from BlackRock’s IBIT, with $225.5 million of total U.S. spot Bitcoin ETF outflow. Market analyst Josh Gilbert warned that a ceasefire could trigger a strong relief rally but warned that without credible de-escalation, markets will remain defensive.