U.S. spot $BTC ETFs: inflows for two consecutive days, Oct. 26–27, of about 110.3 million + 176 million, or roughly 286 million total; almost all went into IBIT (about 151 million) and FBTC (about 24.5 million). But net outflows for October to date are still around 26 million.

Jiaotong’s way of doing the math: two days of inflows ≠ a trend reversal to bullish. It just offsets some of the earlier heavy outflows. From here in Singapore, I’d watch for a third consecutive day—don’t chase after just one day of inflows.

What’s your take?
Reply 1: Another day of inflows is needed before calling it a recovery
Reply 2: October net outflows haven’t turned positive, so treat this as noise for now
Reply 3: Institutions are buying; follow with a small position

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