Bitcoin ETFs are hemorrhaging money and a huge options expiry looms — brace for more downside
Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight days — the longest selling streak since these funds launched. At the same time, a massive $9 billion in Bitcoin options contracts are expiring Friday, giving professional traders incentive to push the price down further.
Idea
Nine consecutive days of ETF outflows totaling $2.8 billion is the worst institutional selling streak Bitcoin has ever seen. When big money pulls out this aggressively, it usually keeps going — institutions don't stop after one week. A $9 billion options expiry on Friday gives large traders a financial incentive to keep the price below $74,000 so their bets pay off. Altcoins like Solana are already crumbling (futures positions down 30% in May), which often signals more weakness ahead for Bitcoin itself. The path of least resistance is down until the ETF selling stops.