Global Market Sees Risk-Off Sentiment Amid Ongoing Conflict

The global market has been affected by a broad risk-off sentiment, with Bitcoin and stocks experiencing declines in value. This trend is attributed to the ongoing conflict in the Middle East, which is causing traders to reassess their risk appetite.

According to recent data, there have been significant outflows from equity ETFs, with $64 billion withdrawn over the last three months. This represents about 5% of total assets under management and marks the largest such exodus on record.

In addition, spot Bitcoin ETFs have seen outflows totaling $253 million over the past two days. While monthly crypto-spot ETF inflows remain positive at around $1.48 billion, cumulative outflows from November through February total approximately $6.3 billion.

On-chain analytics provider Glassnode noted a burst of net realized profit-taking, briefly accelerating to around $17 million per hour on a 24-hour basis before momentum faded and BTC slipped again below the $70,000 level.