Spot BTC ETF flows have swung ~+$4.3B from the recent trough.
That matters because the lead-lag data show:
Price moves first and flows follow.
So rising BTC can pull in more capital, which absorbs more supply and reinforces the move.
That is the reflexive bull case.
That matters because the lead-lag data show:
Price moves first and flows follow.
So rising BTC can pull in more capital, which absorbs more supply and reinforces the move.
That is the reflexive bull case.
