Bitcoin ETFs hemorrhage $2.8 billion while stocks rally without crypto — bet against BTC
Investors have pulled nearly $3 billion from Bitcoin funds over nine straight days — the longest selling streak ever — while the regular stock market keeps hitting new highs. Bitcoin is dropping toward $72,000 and a huge options expiry is keeping downward pressure on the price.
Idea
Bitcoin is heading toward its April lows around $72,000 even as the S&P 500 and Nasdaq push toward all-time records — a rare and bearish divergence. Investors have yanked a record $2.8 billion from Bitcoin ETFs over nine consecutive days, the longest outflow streak since these funds launched. Meanwhile, a massive $9 billion in Bitcoin options are expiring, and traders who bet on lower prices currently have the upper hand. With institutional money clearly rotating out of crypto and into AI and tech stocks, the selling pressure on Bitcoin looks likely to continue in the near term.