Bitcoin prices are experiencing volatility amid renewed concerns about potential closure of the Strait of Hormuz, a critical global shipping lane. Contributing to the downturn, Bitcoin exchange-traded funds (ETFs) have seen a record $6.4 billion in outflows over the past 30 days. This significant capital flight from ETFs is adding downward pressure on the cryptocurrency's value. The combination of geopolitical instability and investor withdrawals is creating a challenging environment for Bitcoin. Analysts are monitoring the situation in the Hormuz Strait closely for further impact on global markets. The recent ETF outflows represent a notable shift in investor sentiment towards Bitcoin. This marks the largest 30-day outflow recorded for Bitcoin ETFs to date.