Bitcoin ETFs bleeding billions for 9 days straight and a $9B options wall looms — ride the sell-off
Investors have been pulling money out of the big U.S. Bitcoin funds for nine days straight — the longest selling streak since those funds launched. Meanwhile, a massive $9 billion in Bitcoin options contracts are expiring soon, and traders who bet on lower prices appear to be in control.
Idea
Nine straight days of investors yanking money from Bitcoin ETFs is a strong signal that big institutional players are losing conviction — that's nearly $3 billion gone. On top of that, roughly $9 billion in Bitcoin options are about to expire, and the betting patterns favor lower prices. When institutional money is leaving and options traders are positioned for a drop, it usually means more selling pressure ahead. Even though some smaller investors are trying to buy the dip, they typically can't overpower the big players.