Turkey liquidates 131 investment funds: BIST 100 slumps as lira and bitcoin hold steady
- —131 funds from seven asset managers liquidated, affecting 455,758 investors
- —BIST 100 dropped 2.38% to 12,592 points; leasing and factoring sector fell 8.73%
- —Liquidation deadline extended from three to six months
- —Bitcoin on Paribu traded at ₺4.07M (~$83,100), down 0.3% daily and 3.3% weekly
Why it matters: The mass fund liquidation is hammering Turkish equities but has yet to trigger a capital flight into bitcoin, leaving local BTC demand subdued for now.
Source: Happycoin.club