Bitcoin's Institutional Safety Net Has a Trapdoor
Bitcoin has fallen roughly 50% from its October 2025 all-time high, and the consensus says institutional ETF demand will catch it. But the same institutions posting record outflows are the ones predicting $175,000 by year-end. Their forecasts and their behavior do not match, and that gap is where the real risk lives.
By Ray Vega · 4 min read