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Bitcoin's $2.8B Redemption Streak: Rotation, Iran Shock & Mining Squeeze
Audio is available on Spreaker — see link below.
Bitcoin ETF investors pulled $2.8 billion in nine days — the longest redemption streak since launch — as geopolitical shock and equity rotation compounded each other. Today's episode breaks down the structural signals behind the sell-off, a $1.29B dark-pool block trade, and what record long-term holder supply actually means.
Audio is available on Spreaker — see link below.
Bitcoin ETF investors just pulled two point eight billion dollars in nine days. That's the longest sustained redemption streak since these products launched in January twenty twenty-four, and the pace is accelerating.
On May twenty-seventh, U.S. airstrikes near the Strait of Hormuz reignited risk-off sentiment across markets. Bitcoin fell three point four percent in twenty-four hours, touching seventy-two thousand nine hundred and seventy-eight dollars.
The structural story is capital moving toward equities. The S&P five hundred hit a new high of seven thousand five hundred and sixty-eight during this same period.
On-chain, long-term holder supply has reached a record fifteen point eight million Bitcoin. That sounds constructive.
The mining sector is feeling the same pressure from a different angle. BitFuFu's first quarter earnings show a net loss widening to thirty-five million dollars from sixteen point nine million a year earlier.
Two things to watch from here. First, whether the outflow streak breaks or extends.
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