PANews reported on May 26th that, according to Cointelegraph, crypto analytics platform Swissblock stated that Bitcoin is sliding into a high-risk environment due to continued institutional selling. Its Bitcoin Risk Index currently stands at 33, placing it in the high-risk zone. Swissblock points out that every time the risk index signals structural selling pressure overwhelming the market, it's because of institutional selling. Glassnode reported that since May 7th, US Bitcoin ETFs have recorded net outflows almost every trading day, with over two weeks of continuous institutional selling signals adding pressure to the supply side without any demand offsetting it. CoinEx's chief analyst, Jeff Ko, stated that spot ETFs have seen outflows exceeding $2 billion in the past two weeks, indicating that institutional risk appetite remains marginally sensitive. News of a new US strike against Iran on Tuesday morning further exacerbated the risk, causing Bitcoin to fall 1%, from $77,000 to below $76,500.