Institutions are back, but they still don’t have enough firepower. U.S. spot ETFs saw $1.08 billion in net inflows over three days (SoSoValue/CoinDesk data), including $527 million on Monday alone, almost all of it absorbed by BlackRock’s IBIT. But don’t pop the champagne just yet: BTC still fell 2.4% during Thursday’s Asian session, slipping back to around $82,700. The historical data is sobering: during BTC’s three major rallies, ETFs averaged $235 million in daily inflows, compared with just $86 million per day since July. After $900 million flowed out in the previous two weeks, institutions are indeed buying the dip—but this level of buying isn’t enough to fuel a major rally.#Bitcoin #ETF