Bitcoin losing its inflation-hedge shine as institutional money flees — fade the bounces
Bitcoin has dropped 36% over the past year and just fell below $69,000 to a two-month low. Big institutional investors have been pulling money out of Bitcoin funds for almost two straight weeks, and a Federal Reserve official just warned that inflation is staying stubborn — which could mean higher interest rates for longer.
Idea
Bitcoin is breaking down on multiple fronts: it's lost 36% over the past year, institutional ETF outflows have hit $3.45 billion in just 11 days, and the whole 'Bitcoin protects you from inflation' narrative is falling apart. On top of that, a Fed official just signaled rates may need to stay high to fight sticky inflation — which tends to hurt risky assets like crypto. With big money heading for the exits and no clear catalyst to reverse the trend, short-term bounces are likely to fade, creating opportunities to bet on further declines.