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AI-generated trading idea · SHORT · BTC
Bitcoin ETFs hemorrhaging $2.8B in record streak — fade the bounce as institutions flee
Investors have pulled $2.8 billion from US Bitcoin ETFs over nine straight sessions — the longest outflow streak since the funds launched. A $9 billion options expiry is also looming, keeping Bitcoin pinned below $74,000.
Idea
The institutional vehicles that drove Bitcoin's rally are now seeing record outflows — nine straight days of withdrawals totaling $2.8 billion. That's the money that pushed Bitcoin to its highs leaving the building. On top of that, a $9 billion options expiry is creating extra selling pressure as market makers hedge their positions. Bitcoin is stuck below $74,000 and every bounce gets sold into. When the biggest buyers become sellers and options expiries amplify the move, the path of least resistance is down.
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