Record $2.8B pulled from Bitcoin ETFs as stocks hit highs — fade the crypto weakness
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days of selling — a new record. Meanwhile, Bitcoin has slid to its lowest levels since April, around $72,000 to $74,000, even as regular stock markets keep hitting all-time highs.
Idea
Big institutional investors are dumping Bitcoin at a record pace — $2.8 billion has exited spot Bitcoin ETFs over nine consecutive days, the longest streak since those funds launched. That's a powerful signal because these ETFs were the main engine driving Bitcoin's rally. Meanwhile, the stock market keeps hitting new highs powered by AI stocks, so money is rotating out of crypto and into tech. Bitcoin failed to break above $83,000 and has now fallen back to April levels near $72,000, which looks like a classic failed breakout — a pattern that often leads to more selling.