Record $2.8B pulled from Bitcoin funds in 9 days — the selling isn't stopping
Investors have pulled nearly $3 billion from Bitcoin ETFs over nine straight days — the longest withdrawal streak ever. Bitcoin has slid below $74,000 and is heading toward its April lows, even as the stock market keeps hitting new all-time highs.
Idea
Institutional money is fleeing Bitcoin at a record pace. Nearly $2.8 billion has been yanked from spot Bitcoin ETFs over nine consecutive days — the longest outflow streak since these funds launched. Meanwhile, the stock market just keeps grinding to new highs, meaning investors are actively rotating out of crypto and into AI and tech stocks. Bitcoin's failed attempt to break above $83,000 and its slide below $74,000 toward April lows is a bearish signal. With a massive $9 billion in options contracts expiring soon, the sellers have the clear upper hand. Until the ETF bleeding stops, this trend is likely to continue.
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News sources
- Bitcoin ETF outflows reach record nine-day streak as investors pull $2.8 billion — CoinDesk
- Bitcoin's trapped under $74K while $9B options expiry looms: Are bears back in control? — CoinTelegraph
- US Bitcoin ETFs Bleed $2.8 Billion in Longest Outflow Streak — Bloomberg
- Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities — CoinDesk