everyone's staring at the $BTC chart.
the real story is in the 𝗘𝗧𝗙 𝗳𝗹𝗼𝘄𝘀.
𝟳 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗱𝗮𝘆𝘀 of money walking out the door:
→ worst weekly ETF stretch on record
→ $445M out of spot BTC ETFs in one session
→ $444.5M of that was BlackRock's 𝗜𝗕𝗜𝗧 alone
→ another $469M gone the day before
→ $ETH ETFs red for 7 days too
→ BTC pinned just above $60,000
same complex already bled over $4B in a record streak earlier this month.
retail watches the price.
the size watches the flows.
and the size has been selling all week.
one green flow day flips the whole story. we haven't seen it yet. 👀
#Bitcoin #ETFOutflows
the real story is in the 𝗘𝗧𝗙 𝗳𝗹𝗼𝘄𝘀.
𝟳 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗱𝗮𝘆𝘀 of money walking out the door:
→ worst weekly ETF stretch on record
→ $445M out of spot BTC ETFs in one session
→ $444.5M of that was BlackRock's 𝗜𝗕𝗜𝗧 alone
→ another $469M gone the day before
→ $ETH ETFs red for 7 days too
→ BTC pinned just above $60,000
same complex already bled over $4B in a record streak earlier this month.
retail watches the price.
the size watches the flows.
and the size has been selling all week.
one green flow day flips the whole story. we haven't seen it yet. 👀
#Bitcoin #ETFOutflows