$BTC is reflexive.
Daily flows do not strongly predict price:
r = +0.16
R² ≈2.6%
But the peak signal occurs at
-1 day.
Price moves first.
Flows confirm after.
That matters.
BTC does not need flows to lead perfectly.
It needs price stability to restore confidence.
Then flows chase.
Then thin float converts marginal buying into violent repricing.