Record $2.8B Bitcoin ETF exodus pushes BTC to April lows — contrarian bounce setup at $72K support
Investors have pulled $2.8 billion from Bitcoin ETFs over nine straight days of selling — the longest exit streak since the funds launched. Bitcoin has slid to its April lows near $72,000, even as the stock market keeps hitting all-time highs.
Idea
The selling in Bitcoin has reached extreme levels: nine consecutive days of ETF outflows totaling $2.8 billion, with the price pinned near $72,000. Meanwhile, the S&P 500 is at record highs and AI stocks are booming — risk appetite hasn't disappeared, it just rotated away from crypto. When institutional selling becomes this one-sided, it often marks a near-term floor. On-chain data shows retail investors are already stepping in to buy the dip. A stabilization in ETF flows or a resolution to the Iran situation (which has been pressuring all risk assets) could spark a sharp relief bounce from this heavily oversold level.