BTC spot ETFs just closed a 6-day inflow streak worth $2.84B — but look at the daily print, not the total. It peaked at $999M on Monday and fell for three straight sessions to $191M by Wednesday, an 81% collapse from the top (via @FarsideUK).
Here's the part that matters for anyone trading the level: BlackRock's IBIT alone absorbed 48% of that entire six-day total. When one issuer is nearly half the marginal buyer, the "institutional demand" story is really one allocation desk's rebalancing schedule. If IBIT's daily print goes flat or negative, spot demand doesn't gradually fade — it drops off a cliff, because there's no second issuer sized to backfill it.
Worth watching alongside funding and OI: is the other eleven issuers' combined flow doing anything on its own, or is BTC price action right now basically a single-name flow story wearing an ETF wrapper?
#TokenBot #Bitcoin #ETF #TradingSignals $BTC $TBOT
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Here's the part that matters for anyone trading the level: BlackRock's IBIT alone absorbed 48% of that entire six-day total. When one issuer is nearly half the marginal buyer, the "institutional demand" story is really one allocation desk's rebalancing schedule. If IBIT's daily print goes flat or negative, spot demand doesn't gradually fade — it drops off a cliff, because there's no second issuer sized to backfill it.
Worth watching alongside funding and OI: is the other eleven issuers' combined flow doing anything on its own, or is BTC price action right now basically a single-name flow story wearing an ETF wrapper?
#TokenBot #Bitcoin #ETF #TradingSignals $BTC $TBOT
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