Record $3.4 billion pulled from Bitcoin funds in 11 days — bet on more downside
Investors have pulled a record $3.4 billion from Bitcoin ETFs over 11 straight days of selling — the longest streak since these funds launched. At the same time, a major corporate holder disclosed it sold Bitcoin, and the price has slipped to around $70,000.
Idea
Money is flowing out of Bitcoin at a record pace — $3.4 billion pulled from ETFs over 11 straight days. That's the kind of sustained selling pressure that has historically led to further price drops, not quick recoveries. On top of that, Strategy (a major corporate Bitcoin holder) disclosed it sold some of its own Bitcoin, which signals to the market that even big believers are lightening up. Meanwhile, investors are rotating cash into AI stocks, which are hitting new highs. With fewer buyers stepping in and large holders exiting, the path of least resistance for Bitcoin is likely lower in the near term.