On February 25, U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) faced a significant outflow, shedding $516.4 million. This marked the second-largest outflow this year, with a troubling pattern of nine net outflows in the past ten days. As BTC struggled to maintain its value between $94,000 and $100,000, investor uncertainty grew, influencing many traders to reconsider their investment strategies. Market conditions reveal a fragile landscape for cryptocurrencies moving forward.