Bitcoin ETFs just had a pretty rough day.

Nearly $395M flowed out of U.S. spot ETFs in one session (~1,100 BTC), which is one of the bigger outflow days we’ve seen lately. That’s not nothing.

Does this mean BTC is dead? No.
But it does tell you big money is taking some risk off the table, at least short term.

This kind of flow usually leads to:
•slower price action
•more chop
•fake moves before a real direction shows up

ETF flows don’t dump the market instantly, but when they swing negative like this, BTC often needs time to digest it.

For me, this isn’t a panic signal — it’s a “be patient” signal. Let the market absorb the selling and show its hand before getting aggressive again.

Watching closely to see if this was just a one-day reset… or the start of a larger cooling phase.