🚨 BLACKROCK BOUGHT.

BUT BITCOIN ETFs STILL SAW OUTFLOWS.

Latest completed session:

₿ BTC ETFs → -$89.8M

But look underneath 👇

🟢 IBIT → +$69.9M
🔴 FBTC → -$74.5M
🔴 ARKB → -$85.2M

Same Bitcoin.

Same day.

Very different institutional behavior.

That matters more than
the headline -$89.8M number.

Because the real question isn’t:

“Did ETFs see inflows or outflows?”

It’s:

WHO IS BUYING
WHILE OTHERS ARE SELLING?

Meanwhile:

₿ BTC → ~$85.6K
📈 U.S. 10Y → ~5.32%
📉 ETH ETFs → -$18.9M
📊 Nasdaq → near record highs

And BTC was rejected near $87K again.

So we now have three divergences:

① Stocks strong, BTC lagging

② Total ETF outflows, but IBIT inflows

③ BTC rejected, but local lows rising

Core variable:

INSTITUTIONAL CONVICTION.

Now I’m watching:

💰 Whether IBIT keeps attracting capital
₿ BTC finally clearing $87K
📈 U.S. 10Y yields
💰 Whether total ETF flows turn positive again

👇 Your take?

JUST FUND ROTATION 🟢

or

INSTITUTIONAL DISTRIBUTION 🔴?

#BTC #ETH #BNB