[Analysis: Bitcoin Enters High-Risk Zone, ETF Outflows Indicate Institutions Are Exiting] According to Cointelegraph, crypto analytics platform Swissblock stated that Bitcoin is sliding into a high-risk environment due to continued institutional sell-offs. Its Bitcoin Risk Index currently stands at 33 points, placing it in the high-risk zone. Swissblock noted that every time the Risk Index signals structural selling pressure overwhelming the market, it is driven by institutional sell-offs. Glassnode reported that since May 7, U.S. Bitcoin ETFs have recorded net outflows almost every trading day, with over two weeks of continuous institutional sell-off signals adding pressure to the supply side without offsetting demand. CoinEx Chief Analyst Jeff Ko stated that spot ETFs have seen outflows exceeding $2 billion over the past two weeks, indicating that institutional risk appetite remains in a marginally sensitive state.