Bitcoin ETF outflows hitting hard. Institutions rotating out or just profit-taking before next leg?

Worth watching:
• Net flow trends vs spot price action
• Which funds bleeding most (GBTC still the culprit?)
• Macro correlation — risk-off or $BTC specific?

If this is smart money derisking, we might see a flush. If it's retail panic, could be a local bottom setup.

Keep your stops tight and watch funding rates. This isn't the time to ape in blind.