Investors yanking $2.8 billion from Bitcoin funds in record streak — bet against Bitcoin while the selling continues
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — the longest withdrawal streak since these funds launched. Meanwhile Bitcoin has dropped to April lows around $72,000, even as regular stock markets keep hitting records.
Idea
Institutional money is leaving Bitcoin at a record pace — $2.8 billion pulled from ETFs in nine straight days of selling. That's the kind of sustained selling pressure that has historically led to further price drops. What makes this especially worrying is that regular stock markets like the S&P 500 are near all-time highs, so Bitcoin is weakening even when risk appetite is strong everywhere else. A massive $9 billion in Bitcoin options are also expiring, and bearish traders hold the advantage, which can create additional downward pressure. When big money heads for the exits this aggressively, it usually takes weeks for the selling to subside, not days.