A single day of $50M outflow tells you nothing about demand. Flows depend on who's rebalancing, which funds are in lockup, and quarterly redemptions.
A 4-week rolling total of inflows or outflows shows real demand patterns. Single days and weekly snapshots are dominated by noise and rebalancing.
When Bitcoin approaches $66,000 or $62,000, ask whether flows are improving. That's what matters. Flows away from key technical levels are meaningless.
Don't mistake rising AUM for inflows. AUM grows when Bitcoin price rises even with zero new flows. Always check net flows, not AUM totals.
Use spot volume (not derivatives) as your primary signal. ETF flows matter only to confirm what on-chain and price data already show.
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