Big Bitcoin bull starts selling, $3B fleeing ETFs — bet against crypto
One of the biggest corporate Bitcoin holders just sold some of its stash for the first time in four years. At the same time, investors pulled nearly $1.7 billion out of crypto funds last week, and Bitcoin ETFs have now lost almost $3 billion in just ten days.
Idea
When one of the most prominent Bitcoin bulls starts selling after four years of only buying, it signals a real shift in conviction. Add to that nearly $3 billion pulled from Bitcoin ETFs in under two weeks and $1.67 billion drained from crypto funds in a single week, and the institutional money is clearly heading for the exits. On top of all that, rising oil prices from the Iran crisis are pushing bond yields up, which historically puts pressure on risky assets like crypto. This isn't just one bad headline — it's a pile-on of negative signals.