$BTC spot ETF flows just flipped green for 2 straight days — $549.9M total in.

Monday: $526.7M
Tuesday: $23.2M

BlackRock's IBIT ate $665.2M on Monday alone while others bled out. That's not broad demand, that's one whale moving.

Institutional money is sniffing around again, but this is still early. Need to see 5+ days of sustained inflows before calling it a real shift.

If this holds, it's the kind of liquidity that props up $BTC in a choppy range. If it fades, we're back to grinding lower.

Watch the tape. Two days doesn't make a trend.