The seven-day streak of net inflows was finally broken on Wednesday, possibly due to the interest rate meeting or the escalation of the Iran conflict. Regardless of the reason, traditional investors didn’t stick to buying but chose to sell instead. Fidelity investors, known for chasing highs and selling lows, took the lead, while BlackRock investors, though not selling much, have started to reconsider. If there’s no good news by tomorrow, it’s likely they’ll continue selling. This shouldn’t come as a surprise—we’ve said it countless times. The current main narrative is the geopolitical conflict between the U.S. and Iran driving up oil prices. As long as the war hasn’t ended, risk markets will remain in a volatile trend. Keep a close eye on oil prices to understand the trajectory of the war. If WTI crude oil prices rise to $120, the market could face even harsher conditions. Bitget VIP—lower fees, bigger perks!