Record $1.7 billion fleeing crypto funds and even a legendary Bitcoin bull is selling — hedge your crypto exposure
Investors pulled a record $1.67 billion out of Bitcoin and crypto funds last week — the biggest exit of 2026. Even Michael Saylor, one of Bitcoin's biggest cheerleaders, just sold some of his holdings.
Idea
Big institutional investors are heading for the exits in crypto at a pace we haven't seen all year — $1.67 billion pulled out in a single week, and the selling has now lasted three weeks in a row. When the professionals who manage these funds start dumping this aggressively, it usually means they see more downside ahead. Even Michael Saylor, the most famous Bitcoin bull on the planet, just sold some of his stash. Crypto-exposed stocks like Coinbase (COIN) and MicroStrategy (MSTR) tend to move in the same direction as Bitcoin, so if Bitcoin keeps sliding, those stocks likely follow. This is a defensive, short-term bet that crypto has further to fall before it stabilizes.
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News sources
- Michael Saylor's Strategy sells 32 bitcoin for $2.5 million as total holdings drop to 843,706 BTC — The Block
- US-based funds drive $1.7B in global crypto ETP outflows as redemption streak extends to three weeks: CoinShares — The Block
- Bitcoin ETPs post largest 2026 outflow as crypto funds bleed $1.67B — Cointelegraph