Bitcoin ETFs bleeding billions and a major holder just sold — fade the bounces
Investors have been pulling money out of Bitcoin funds for 11 straight days — the longest streak since those funds launched. Meanwhile, Strategy (formerly MicroStrategy) disclosed its first-ever Bitcoin sale, and the price has slipped below $71,000.
Idea
Bitcoin is bleeding from two sides at once: institutional investors are yanking $3.4 billion out of ETFs at a record pace, and one of Bitcoin's biggest corporate holders just started selling. That's an 11-day redemption streak — the worst since these funds launched in 2024 — which means the big-money crowd is rotating into AI stocks, not crypto. On top of that, Bitcoin has already dropped below $71,000, a level it hasn't visited in weeks. When both ETF flows and a major corporate holder turn into sellers at the same time, short-term bounces tend to get sold into quickly.