Bitcoin ETFs hemorrhaging billions ahead of massive options expiry — ride the sell-off
Investors have pulled $2.8 billion out of Bitcoin ETFs over 9 straight days — a new record — while a massive $9 billion in Bitcoin options contracts are expiring and bearish traders have the upper hand.
Idea
Money is fleeing Bitcoin ETFs at a record pace — nine straight days of outflows totaling $2.8 billion — which means the big institutional buyers who drove the rally have stopped buying and started selling. At the same time, roughly $9 billion worth of Bitcoin options are expiring, and the data shows bearish traders hold the advantage at current price levels near $74,000. This double whammy of heavy ETF selling plus options-driven pressure creates a tailwind for further downside. Even though some retail investors are trying to buy the dip, history shows that when institutional outflows hit a record streak, the selling usually continues for several more days before stabilizing.