BlackRock bearish on European stocks amid rising energy prices

BlackRock has turned bearish on European stocks because of rising energy prices. On Polymarket, the contract for Bitcoin dipping to $60,000 in April moved to 3.1% YES, up from 2% yesterday.

Market reaction

BlackRock’s shift comes alongside geopolitical tensions involving the US, Israel, and Iran, which have driven European energy prices higher. The market for whether Bitcoin will dip to $60,000 in April rose from 2% to 3.1% YES. Traders are pricing in more volatility tied to energy disruption risk.

Why it matters

The conflict and energy supply shocks are spilling into other markets. The odds increase for a Bitcoin dip is small in absolute terms, and the market is thin, with only $2,002 in daily USDC volume. That means a handful of trades can move the price meaningfully. The signal here is directional, not high-conviction.

What to watch

At 3¢, YES shares pay out 33x if Bitcoin hits $60,000. That makes them a cheap hedge against prolonged energy market disruption feeding into broader risk-off moves. Key triggers: further escalation in US-Iran tensions and any changes to European energy policy that could worsen supply conditions.

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