Bitcoin ETFs saw $465 million walk out the door last week. The price didn't move much at all.

Bitcoin has spent the past few days bouncing between $63,700 and $65,406, a tight range even after another chunk of ETF outflows hit on July 23 and 24.
That combination, real outflows but a price that isn't breaking down, suggests the selling is being absorbed somewhere else in the market rather than driving the price lower on its own.
Fear and Greed sits at 30, still in fear territory, which lines up with a market that's cautious but not panicking.
Worth watching whether outflows keep piling up or start to reverse, since that gap between flows and price won't stay open forever.