Record $2.8B Bitcoin ETF exodus while stocks soar — short the crypto laggard
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — a new record — while Bitcoin's price has slid to its lowest since April, even as the stock market keeps hitting all-time highs.
Idea
Money is pouring out of Bitcoin at a record pace — nine straight days of ETF withdrawals totaling $2.8 billion. That's the longest streak since these funds launched. Meanwhile, the stock market keeps hitting new highs and AI stocks are soaring, so capital is clearly rotating away from crypto and into those trends. Bitcoin has already slipped to its April lows near $72,000 and its failed breakout above $83,000 looks like a trap. When an asset can't rally while everything else is soaring, it usually means sellers are in control and more downside is coming.