BTC vs ETF flows: why Bitcoin resists even when flows are leaving
In a market accustomed to violent reactions, there is something that confuses many:
Bitcoin falls... but does not break, even when ETF flows turn negative.
To the retail eye, this seems like a contradiction.
For large capital, it is a signal.
📉 ETF outflows do not mean flight
When talking about 'ETF outflows', the narrative tends to be simple:
Funds are leaving.
The price drops.
The narrative weakens.
But in practice, the flows say something more complex:
Tactical rebalancing.