Spot BTC ETF net outflows persisting over the last 5 sessions, totaling over $500M, indicate waning institutional bid pressure. On-chain data shows whale cohorts (1k-10k BTC) distributing post-halving, not accumulating for a breakout. Derivatives funding rates are normalizing or slightly negative, signaling deleveraging rather than speculative long buildup for a $70k breach. Resistance at $67.5k remains firm. 85% NO — invalid if daily ETF net inflows exceed $200M for three consecutive days prior to May 10.
Spot BTC ETF net outflows persisting over the last 5 sessions, totaling over $500M, indicate waning institutional bid pressure. On-chain data shows whale cohorts (1k-10k BTC) distributing post-halving, not accumulating for a breakout. Derivatives funding rates are normalizing or slightly negative, signaling deleveraging rather than speculative long buildup for a $70k breach. Resistance at $67.5k remains firm. 85% NO — invalid if daily ETF net inflows exceed $200M for three consecutive days prior to May 10.
