btc etfs saw $-233.3m in outflows today, breaking a quiet streak. one day of net selling, but the 5-day total sits at $-582.8m, so this isn’t a new direction yet. total aum is $107.3b, cumulative inflows since launch at $59.1b. for the trend to flip, we’d need a day of net buying above $300m to signal real demand returning. maybe tomorrow. maybe not. $btc #BTCFlow #OnchainAlpha #PerpFunding $BTC

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Originally published on FalsifyLab Substack.