Record $2.8B Bitcoin ETF exodus while stocks soar — short the crypto bleed
Investors have pulled $2.8 billion from Bitcoin ETFs over nine straight days of withdrawals — a new record. Meanwhile, Bitcoin has slipped to April lows even as the stock market keeps hitting all-time highs, signaling that big money is abandoning crypto.
Idea
Institutional investors are dumping Bitcoin at a record pace — $2.8 billion has flowed out of U.S. Bitcoin ETFs over nine consecutive days, the longest streak since those ETFs launched. What makes this especially bearish is that the broader stock market is thriving: the S&P 500 is on a nine-week winning streak powered by AI stocks, yet Bitcoin can't rally. That divergence is a red flag. Bitcoin tried and failed to break above $83,000, and now it's sliding toward the $72,000 area — a key support level. With a massive $9 billion options expiry adding pressure, the path of least resistance looks lower.