CNBC
03 Jun 2026, 13:13 UTC · 1h ago
Bitcoin trails stocks by most since 2019 as traders get their kicks elsewhere
CNBC
03 Jun 2026, 13:13 UTC · 1h ago
Story key points
4 claims · impact-rated
Options flows for Bitcoin-linked assets (IBIT, MSTR, and Coinbase) have shifted bearish, with put volumes outpacing calls. — A shift in options sentiment from bullish to bearish among institutional and retail traders often precedes further price declines.
-0.60Bitcoin's relative strength versus the Nasdaq-100 is at its widest gap in favor of stocks since March 2019. — Significant underperformance relative to tech stocks suggests a rotation of capital away from crypto and into productivity-driven equities.
-0.40MicroStrategy sold its first bitcoin in four years on Monday. — Selling by a primary corporate bull/accumulator is typically viewed as a negative signal regarding future price expectations.
-0.30Continue reading
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Rising global interest rates and financing costs are cited as catalysts for the current 'winter' in crypto assets. — Higher rates increase the cost of capital and reduce the appetite for non-yielding scarcity assets like Bitcoin.
Ticker attribution
Model heads
Options volume is shifting bearish with puts significantly outpacing calls and the company selling its first bitcoin in four years.
Sentiment is negative as more than twice as many call options were sold as were bought.
Mentioned briefly in a context where options traders are betting on strong earnings.
No ticker relationship head found.
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