Wall Street’s $292 billion risk-on rotation just created a new bullish setup for Bitcoin
Bitcoin Wall Streets $292 billion risk-on rotation just created a new bullish setup for Bitcoin Global equity funds pulled in over $15 billion in the week through Apr. 1, then $23.47 billion, $31.26 billion, and finally $48.72 billion in the week through Apr. 22. Global money-market funds simultaneously bled a $173.24 billion outflow in the week through Apr. 15, the biggest single-week exit from cash since at least September 2018. Together, the figures create a roughly $292 billion risk-on signal, combining $118 billion of global equity fund inflows across four weeks with a separate $173 billion weekly exit from cash. Coinbase and Glassnode‘s Q2 Institutional Outlook puts BTC’s daily return correlation with the S&P 500 at 0.58 in the fourth quarter of 2025, while its relationship with gold stays negligible. When capital flows toward risk, it flows toward the asset class Bitcoin currently behaves like. Global equity funds attracted $48.72 billion in the week through April 22 while money-market funds shed a record $173.24 billion the prior week. The more pointed detail comes from Coinbases survey of 91 global investors, comprising 29 institutions and 62 non-institutions, conducted between Mar. 16 and Apr. 7. Among institutional respondents, 75% view Bitcoin as undervalued, while 61% of non-institutional crypto investors hold the