Bitcoin bleeding $2.8B while stocks hit records — short the crypto that can't keep up
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — the longest withdrawal streak ever. Meanwhile Bitcoin has slid to its lowest since April even as the stock market hits record highs.
Idea
Normally Bitcoin and stocks move together, but right now they're telling completely different stories. The S&P 500 is at all-time highs thanks to the AI boom and peace deal hopes, yet Bitcoin keeps sliding to April lows. The record $2.8 billion in ETF withdrawals tells us big money is actively leaving crypto, not just sitting still. A $9 billion options expiry is also hanging over the market, which tends to push prices toward the pain point for holders. When institutional money is heading for the exit this aggressively and the usual stock-market tailwind isn't helping, it's a sign Bitcoin may have further to fall.