Bitcoin ETF outflows are starting to become a real concern.
Yesterday alone, more than 11,300 BTC left the ETFs.
The interesting part isn't BlackRock selling.
It's Fidelity.
For weeks, Fidelity had been quietly buying the dip while everyone else was selling.
Now even that bid has disappeared.
At the same time, Bitcoin is struggling to reclaim key support.
If ETF demand continues to weaken while Strategy's premium keeps compressing, I think the market is going to have much bigger questions to answer over the coming weeks.
This isn't about one bad day.
It's about the cracks starting to show.
