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Sense 👻
$646M left Bitcoin and Ethereum spot ETFs in a single day.
$BTC funds lost ~$485M on October 7, their largest daily outflow since June 25.
$ETH funds shed another $161M, bringing their seven-session outflow streak to nearly $569M.
I find the timing pretty concerning.
Oil is rising, Treasury yields are climbing, and the dollar is strengthening.
Now ETF flows are adding another source of pressure instead of helping absorb it.
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