On the day the White House held the encryption summit, the probability of the CLARITY Act falling was down to 10%, and market pricing for policy benefits was contracting. On the same day, spot BTC ETF saw a daily outflow of $390 million, one of the largest net outflows in recent times. Cooling in both liquidity and policy signals in tandem is a typical “move out before good news is fully realized” signal.
Liquidity strategy current price check: BTC is trading at $63,692, up 1.1% over the past 24 hours against the trend, which diverges from the large ETF outflows. Under a capital flow strategy, if daily outflows exceed $300 million and the price has not broken below the prior low, it is a moderately bullish signal that selling pressure is being absorbed. If, going forward, outflows continue and the price breaks below $62,800, the divergence will fail and shift into a wait-and-see range. #BTC
Liquidity strategy current price check: BTC is trading at $63,692, up 1.1% over the past 24 hours against the trend, which diverges from the large ETF outflows. Under a capital flow strategy, if daily outflows exceed $300 million and the price has not broken below the prior low, it is a moderately bullish signal that selling pressure is being absorbed. If, going forward, outflows continue and the price breaks below $62,800, the divergence will fail and shift into a wait-and-see range. #BTC