Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI
Crypto
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.
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↓ SHORT-12% target+6% stop2-3 weeks or until outflow streak breaks
Short IBIT as record ETF outflow streak signals institutional distribution — AI rotation is pulling the marginal bid, not just profit-taking noise.