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In short, no.
You wouldn't believe just how unaware of their surroundings the general populace is.
Nope. Not if you go about your business in a normal and unsuspicious manner. I see plenty of people walking around with knives clipped to their pocket, and I work in Silicon Valley. I've been carrying a knife clipped to my pocket for 20+ years.
IF you are the type to strut around and always go patting your "blade" or making similar moves, then it may be different.
Most might not notice, but those who would probably include police/first responders, potential criminals, and other knife enthusiasts. Does this matter? I don't know.