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

The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average. What to know : Investors have pulled about $1.26 billion from U.S. spot bitcoin ETFs over the past five trading days, including a single-day outflow of $635 million on Wednesday, the largest since late January. Bitcoin’s rally has stalled below its 200-day moving average near $82,000, with the price slipping to around $79,400 as renewed U.S. inflation concerns weigh on the market. The once-tight link between ETF flows and bitcoin’s price has weakened, correlation study shows.