Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI
1 min read
The story
U.S. spot bitcoin ETFs logged $2.97B in outflows over 10 straight trading days — the longest streak on record — as rotational capital chased the Nvidia/SoftBank AI trade instead. The setup is bearish: institutional selling pressure via ETF redemptions is accelerating while risk appetite pivots to AI equities, removing the marginal bid that drove BTC's 2024-25 rally.
The case — both sides
The house read
Short IBIT as record ETF outflow streak signals institutional distribution — AI rotation is pulling the marginal bid, not just profit-taking noise.
Wrong ifOutflow streak reversal on any macro shock that sends equities lower (crypto then re-prices as uncorrelated hedge), a surprise pro-crypto regulatory catalyst, or a single large institutional buyer re-entering via ETF that snaps the streak and forces a short squeeze in a thin market.
Published read · research, not advice