Institutions yanking $3B from Bitcoin funds at record pace — short the bleed
Investors have pulled nearly $3 billion from Bitcoin ETFs over nine straight days of withdrawals — the longest streak ever. Bitcoin has dropped below $74,000 and a massive $9 billion in options contracts are expiring, which could push it even lower.
Idea
Institutional money is fleeing Bitcoin at a record pace — $2.8 billion pulled from ETFs over nine consecutive days. That's the longest exit streak since these funds launched. Meanwhile, the stock market keeps hitting new highs, so Bitcoin's weakness isn't just a general risk-off mood; it's specific to crypto. A huge $9 billion options expiry is looming, and traders who bet on higher prices are trapped underwater, which often forces more selling as they throw in the towel. When big players head for the door this fast, the price usually keeps sliding before it finds a bottom.