US spot Bitcoin ETFs recorded roughly $485 million of net outflows, the largest single day since June. In the same window the US government moved about $1 billion in bitcoin tied to the Bitfinex hack, with no indication of an immediate sale, which is what kept the move from doing more damage than it did. Two different kinds of supply pressure worth keeping separate: the ETF number is money actually leaving, while the wallet transfer is only the possibility of selling. Markets tend to price the second one anyway.