On the 2026-09-16 settlement, $BTC saw $296M of outflows as funds redeemed spot BTC, led by $144M of outflows from IBIT. $ETH posted $224M of outflows, and the 5 day $BTC net was also $882M of outflows, pointing to the same direction.

Since 2025, days in this low band saw a median +0.6% BTC move over the next 7d (n=109, base -0.3%, 1y of records). History, not a forecast.