Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI
1 min readAnalysis by AlgoThesis Editorial Desk
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 two-sided take
0 of 4 names have verified EOD history. The basket chart is hidden rather than showing illustrative data.Missing: IBIT, FBTC, BITB, NVDA
The house read
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