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Marcus Corvinus1
$BTC ETFs bled $1.28B last week, the worst since June, and $403M of Friday's $412M outflow came from IBIT alone. FBTC still took in $42.8M. That looks like concentrated selling, not the whole bid vanishing. $ETH funds lost $93M Friday too, with tech weak. BTC is holding near $75K. Lose it and $69K is the next level traders watch. Takeaway: don't front-run a reversal until you see a full week of net inflows. Is IBIT-led selling a real top, or just rebalancing?
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