Bitcoin’s trek into new 2026 lows continued as spot BTC ETF outflows, a bearish monthly options expiry and Strategy’s unrealized losses widened its gap with AI-connected stock returns.

Key takeaways:

Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand.

Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds.

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