Good morning.

Big inflows, soft tape.

US Bitcoin ETFs drew $527M, the biggest showing since September.

Yet BTC still sits near the low of its daily range.

Regime check:
• Below EMA, 0.6% under the 12h trend line
• Neutral at 55, down from 71 a month ago
• Total market cap down 3.0% in 24h, structure unresolved

Flow is returning faster than sentiment is recovering. Today may show whether ETF demand can lift price back above the EMA.

Question now:
Does ETF demand reclaim the trend line...
or does the soft tape win?

XRP Coffee Break later ☕

$BTC