Bitcoin ETF money is fleeing for the exits — ride the selling pressure
Investors have pulled $2.8 billion from U.S. Bitcoin ETFs over nine straight days of outflows — the longest streak since launch. Meanwhile, a massive $9 billion in Bitcoin options are expiring, and large traders are positioned to the downside.
Idea
Nine consecutive days of ETF withdrawals totaling $2.8 billion is the strongest sustained sell signal Bitcoin ETFs have ever sent — these funds were the main engine of Bitcoin's rally, and that engine is now in reverse. On top of that, a $9 billion options expiry is looming with bearish positioning dominating, which tends to push prices toward the largest pain point for holders. The price has been stuck below $74,000, a level that's acting like a ceiling. When institutional demand disappears and derivatives traders lean bearish at the same time, the path of least resistance is down.