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ETF inflows returning while BTC holds near $65.2K is constructive, but the muted response across BTC, ETH and SOL points to absorption rather than a fresh momentum phase. I would treat this as stabilization, not confirmation of a breakout. With Fed expectations still sensitive to CPI and the Hormuz outcome unresolved, macro risk remains the stronger short-term driver. My bias is cautiously positive, but only while spot demand persists after the initial inflow headline fades. Not advice, just analysis.