
The cleanest signal this week wasn’t a chart setup or some fancy pattern.

It was capital quietly leaving the room.
Bitcoin ETFs saw roughly $1.33B in outflows, and Ethereum ETFs lost another $611M. Zoom in even more and it gets uglier — nearly $1.6B left BTC ETFs in just three days, with heavyweights like BlackRock and Fidelity leading the exits.
That tells you everything you need to know.
Institutions weren’t interested in max exposure while rates and headlines were both unstable.
Flows like this don’t automatically end a bull market. But they absolutely change the tone. When ETFs flip to net sellers, rallies struggle, bounces get faded, and every pump starts looking temporary until money actually comes back in.
If you held alts this week, you already know the story.
They’ve basically been in a bear market since late 2024, and 2025 hasn’t fixed it.
One way to frame it:
Exact numbers aside, the feeling matches reality: Bitcoin survives, alts bleed.
And that changes behavior.
When traders get burned enough times chasing narratives, they stop buying “stories” and start buying liquidity.
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