Billions fleeing Bitcoin while stocks party — ride the crypto sell-off
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — a new record. Meanwhile, Bitcoin has slid to its lowest level since April even as the stock market keeps hitting all-time highs. A massive $9 billion in Bitcoin options expire Friday, which could push the price even lower.
Idea
This is a rare moment where Bitcoin is telling a very different story than the rest of the market. Stocks are at all-time highs and investors are piling into AI trades, but they're simultaneously running for the exits on Bitcoin — $2.8 billion pulled from ETFs in just nine days. That kind of sustained institutional selling hasn't happened since the ETFs launched. The failed attempt to break above $83,000 looks like a wall of sellers stepping in. With a massive $9 billion options expiry coming Friday, market makers may be incentivized to keep the price pinned down. When big money is dumping this aggressively while everything else rallies, it usually means they see more downside ahead.