Bitcoin investors yanked $635 million from spot ETFs in a day. Here's what it means for price

60-second summary

Bitcoin investors withdraw $635 million from spot ETFs in a single day, marking the largest outflow since late January. This significant exodus comes as bitcoin price turns lower from the 200-day moving average, a key technical indicator. The outflow suggests a shift in investor sentiment, potentially weighing on the price of bitcoin in the short term.