Bitcoin ETFs hemorrhaging $2.8 billion while stocks hit record highs — the crypto sell-off isn't over
Investors have been pulling money out of Bitcoin ETFs for nine straight days — the longest streak ever — totalling $2.8 billion in withdrawals. Meanwhile Bitcoin has slumped to its lowest since April, even though regular stock markets keep hitting new highs.
Idea
Bitcoin is sending warning signs from every angle. Investors have pulled $2.8 billion out of Bitcoin ETFs over nine straight sessions — the longest outflow streak since the funds launched. The price has slipped below $74,000 and is stuck near April lows, even though the S&P 500 keeps notching new all-time highs. That divergence is telling: when stocks rally but Bitcoin can't keep up, it usually means large investors are heading for the exits. A massive $9 billion options expiry is also looming, which traders say gives bears the upper hand and could push prices even lower in the short run.