# Bitcoin bleeding $2.8B while stocks party at all-time highs — short the divergence

_AI-generated trading idea · SHORT · BTC, COIN_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-bleeding-2-8b-while-stocks-party-at-all-time-highs-s--d71e7bfc-af53-487b-afdd-e969492b7575

Bitcoin has fallen to its lowest level since April, with investors pulling a record $2.8 billion out of Bitcoin ETFs over nine straight days. This is happening while regular stocks are hitting all-time highs — a very unusual split.

## Idea

Normally Bitcoin and the stock market move roughly together — when stocks go up, crypto does too. Right now the S&P 500 is at record highs while Bitcoin has quietly slid to April lows. That's a red flag. The record $2.8 billion in ETF withdrawals over nine straight days tells us big money is heading for the exits. A massive $9 billion in Bitcoin options are expiring with bearish positioning dominant. The failed attempt to break above $83,000 was supposed to be Bitcoin's comeback moment — instead it reversed hard, which often signals more selling ahead. Coinbase stock could also face pressure as crypto trading volumes and sentiment decline.

## Key details

- Symbols: BTC, COIN
- Timeframes: H4
- Tags: \#crypto, \#divergence, \#etf\_flows

## Community

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## News sources

- [US Bitcoin ETFs Bleed $2.8 Billion in Longest Outflow Streak](https://www.bloomberg.com/news/articles/2026-05-29/us-bitcoin-btc-etfs-bleed-2-8-billion-in-longest-outflow-streak) — Bloomberg
- [Bitcoin's trapped under $74K while $9B options expiry looms: Are bears back in control?](https://cointelegraph.com/markets/bitcoins-trapped-under-74k-while-9b-options-expiry-looms-are-bears-back-in-control) — Cointelegraph
- [Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities](https://www.coindesk.com/markets/2026/05/29/bitcoin-slides-to-april-lows-as-crypto-diverges-from-record-chasing-u-s-equities) — CoinDesk

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