Bitcoin's record $2.8B ETF exodus has everyone panicking — contrarian bounce setup near April support
Bitcoin has been sliding for nine straight days as investors pulled a record $2.8 billion from Bitcoin ETFs. The price has fallen to around $72,000 — its lowest since April — even as the stock market keeps hitting all-time highs.
Idea
Bitcoin has been crushed for nine straight days with $2.8 billion fleeing ETFs — the longest outflow streak ever. That sounds terrifying, but historically, extreme capitulation like this has marked short-term bottoms. The price is now near $72,000, a level where buyers stepped in back in April. Meanwhile, stocks are at all-time highs, which means investors are rotating out of crypto into equities — not fleeing risk altogether. Once the ETF selling exhausts itself, a relief bounce is likely. Data already shows retail investors buying the dip and opening new long positions near this level.