spot bitcoin ETFs lost<\/a> about $201 million on Monday. The data comes from Farside Investors.<\/p>\nOutflows since Nov. 2 now sit near $1.5 billion. The funds are down about $1.1 billion so far this year. That compares with more than $20 billion of net inflows in each of the past two years.<\/p>\n
BlackRock IBIT has now posted seven straight sessions of redemptions. Supply is also rising. MARA Holdings sold 13,597 BTC for about $1.1 billion in the past six weeks. It says it plans to sell more.<\/p>\n
Retail interest looks thin too. That leaves fewer natural buyers when ETFs and miners sell. It also means small sell orders can move price more than usual.<\/p>\n
The break matters because BTC had acted like a high risk stock for weeks. On Monday it acted like its own market. Stocks looked strong. Crypto looked tired.<\/p>\n
Traders often watch this kind of split. It can signal stress in crypto demand. It can also signal a short term lag that later closes. The next flow reports will help tell which one it is.<\/p>\n
For now, the facts are simple. Stocks bounced. Bitcoin did not. ETFs saw redemptions. A large miner sold. Retail did not step in.<\/p>\n
Why It Matters<\/h2>\n
First level thinking says Bitcoin should rise with stocks. Stocks rose sharply. So Bitcoin should rise too. That did not happen.<\/p>\n
Second level thinking asks who must sell even on a green day. ETF holders were selling. A miner was selling. Retail was quiet. That mix can hold price down.<\/p>\n
ETF flows matter because they show real demand through brokerage accounts. When those funds lose cash, it means sellers beat buyers that day. Seven straight days of selling from the largest fund adds weight.<\/p>\n
Miner sales matter for a different reason. Miners earn BTC by running machines. When they sell, new coins hit the market. MARA sold 13,597 BTC in six weeks. That is about $1.1 billion of supply. Plans to sell more keep that pressure alive.<\/p>\n
Thin retail interest makes both forces stronger. Fewer small buyers means less cushion. It does not mean price must fall. It means dips can last longer.<\/p>\n
The split also changes how to read risk. If BTC moves with stocks, one screen tells the story. If it moves on its own flows, investors need to watch fund flows and miner news too.<\/p>\n
This does not prove a long break from stocks. One day is only one day. But it shows crypto can lag even on the best stock day in months. That is useful context for anyone holding BTC through stock rallies.<\/p>\n
Token Metrics View<\/h2>\n\t\t