The macro picture for Bitcoin is improving, but something is missing: ETF buyers. 👀 After yesterday’s weak NFP, the odds of the Fed raising rates in October fell to about 14–17%. This is bullish for BTC. But look at the ETF side: last week, around +$2.39B flowed into BTC ETFs. This week? So far, only ~+$82.9M. Also, the figure is provisional because the Friday BlackRock data hasn’t been finalized yet. So ETF demand isn’t over, but it has slowed down quite significantly.