Record $3.4B Bitcoin exodus as AI stocks steal the spotlight — short-term pain trade on BTC
Bitcoin ETFs have suffered 11 straight days of outflows totaling $3.4 billion — the worst streak since they launched. At the same time, one of Bitcoin's biggest corporate holders just started selling, and the price has dropped below $71,000.
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Money is pouring out of Bitcoin at a record pace — $3.4 billion in ETF outflows over 11 straight days. That's the kind of sustained selling pressure that doesn't reverse overnight. What makes this especially concerning is where the money is going: straight into AI stocks, which keep hitting new highs. Strategy (formerly MicroStrategy), long considered Bitcoin's most aggressive corporate buyer, just disclosed its first-ever Bitcoin sale. That's a psychological blow to the market — if even the biggest believer is selling, others may follow. Bitcoin has slipped below $71,000, and without a fresh catalyst, the path of least resistance looks lower.