Bitcoin spot ETFs just posted their biggest single-day outflow since June 25: $635M out on Thursday, wiping out a three-day streak that had pulled in $1.08B. IBIT led the exits at $254M, FBTC gave back $217M, ARKB lost $109M. Ethereum ETFs bled another $110M on top of that.
The trigger wasn't on-chain. Tesla cut its spending forecast, the Nasdaq closed down 2.6%, and the selloff spilled straight into crypto overnight — BTC slipped toward $80,989 and exchanges forcibly unwound roughly $431M in leveraged long positions.
Three days of institutional buying erased in a single session is a good reminder of how thin the conviction still is above $80K. When equities sneeze, leveraged crypto longs are still first to catch the cold.
If BTC's correlation to the Nasdaq keeps climbing like this, does "digital gold" mean anything this cycle? Trade once, execute everywhere — tokenbot.com
#TokenBot #Bitcoin #Crypto #TradingSignals $BTC $ETH $TBOT
The trigger wasn't on-chain. Tesla cut its spending forecast, the Nasdaq closed down 2.6%, and the selloff spilled straight into crypto overnight — BTC slipped toward $80,989 and exchanges forcibly unwound roughly $431M in leveraged long positions.
Three days of institutional buying erased in a single session is a good reminder of how thin the conviction still is above $80K. When equities sneeze, leveraged crypto longs are still first to catch the cold.
If BTC's correlation to the Nasdaq keeps climbing like this, does "digital gold" mean anything this cycle? Trade once, execute everywhere — tokenbot.com
#TokenBot #Bitcoin #Crypto #TradingSignals $BTC $ETH $TBOT