Spot Bitcoin ETFs are in a record outflow streak (~10 days, ~$2.8–3.0B), the longest since launch, and it’s dragging sentiment across crypto. Key points: * Institutional capital is exiting BTC ETFs amid macro uncertainty and AI stock rotation * Total outflows are ~2.9B, reducing ETF AUM from ~$104B to ~$94B * Risk appetite is shifting toward equities and selective altcoin exposure What it means: * This is a strong near-term headwind for Bitcoin, not a structural collapse yet * Market is in a risk-off phase (Fear Index ~31) Outlook: * Watch BTC support around $70K–$65K range * Key signal: whether ETF flows stop bleeding and turn positive again * If flows stabilize, this could flip into a contrarian rebound setup