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Bitcoin# is facing a sharp dollar-market capital flight as macro conditions tighten and confidence in AI funding weakens.
BTC fell 15.6% over the period shown, its sharpest comparable 11-day selloff since June. Over the same period, NBIS perpetuals, a proxy for sentiment toward AI financing-sensitive companies, fell 27.5%.
U.S. spot Bitcoin ETFs recorded $1.91 billion in net outflows over 7 consecutive trading sessions, one of the worst seven-session outflow episodes since launch.
What to watch 👀:
➡️ Whether selling pressure across U.S. markets begins to ease, including ETF redemptions and spot selling,
➡️ Whether Nvidia's upcoming earnings call and any comments from the new CEO on financing commitments provide clarity.