Bitcoin Extends Slide as Record Spot ETF Outflows Hit While Wall Street Rallies on AI

Key Highlights

• U.S. spot Bitcoin ETFs have recorded a record multi-day outflow streak of roughly $2.97 billion
• The outflows mark the longest sustained redemption period since ETF launches began
• Bitcoin has continued to slide, trading near the low-$70,000 range amid weakening demand
• In contrast, U.S. equities are rallying to new highs driven by the AI sector boom
• Analysts say capital is rotating toward AI-linked tech stocks and away from crypto risk assets
• Geopolitical tensions and macro uncertainty are adding additional pressure on digital assets
• Ethereum and other major cryptocurrencies are also trending lower alongside Bitcoin

Bitcoin extended its recent decline as selling pressure intensified across U.S. spot Bitcoin exchange-traded funds, which have now recorded a record-setting outflow streak totaling approximately $2.97 billion over ten trading sessions. The sustained withdrawals represent the longest and most significant redemption run since the launch of U.S. Bitcoin ETFs, signaling a notable shift in institutional demand for the asset.

The persistent ETF outflows have coincided with renewed weakness in Bitcoin’s price, which has drifted toward the lower end of its recent trading range in the $70,000–$75,000 area. Market observers note that ETF flows have become one of the most closely watched indicators of institutional sentiment, and the current trend suggests reduced appetite for additional exposure at elevated price levels.

At the same time, broader financial markets are telling a very different story. U.S. equities—particularly technology stocks—have surged to fresh record highs, driven largely by continued enthusiasm around artificial intelligence. Mega-cap tech firms linked to AI infrastructure and chip development have led the rally, drawing significant capital inflows from investors seeking growth exposure in traditional markets.

This divergence has created a clear rotation dynamic across risk assets. While AI-related equities are benefiting from strong earnings momentum and optimistic growth expectations, Bitcoin and the wider crypto market appear to be struggling to attract similar inflows. Analysts suggest that liquidity is increasingly concentrated in AI-driven narratives rather than digital asset speculation, at least in the short term.

Macro conditions are also contributing to the pressure. Rising geopolitical uncertainty and fluctuating energy prices have added volatility across markets, while investors appear to be favoring assets with clearer earnings visibility over non-yielding risk assets like Bitcoin. This has further amplified the contrast between booming equity markets and a weakening crypto sector.

Ethereum, Solana, and other major digital assets have largely mirrored Bitcoin’s downside move, suggesting that the ETF-driven flows are influencing the broader crypto complex rather than isolated BTC-specific factors.

For now, traders are watching whether ETF outflows begin to stabilize. A slowdown in redemptions could signal that selling pressure is exhausting, while continued withdrawals may extend Bitcoin’s current corrective phase, especially if equity markets continue outperforming crypto in the near term.