#Bitcoin ETFs have now recorded five consecutive days of inflows, their longest positive streak in months. That sounds bullish, and it is definitely an improvement. But context matters. Around $727 million has returned during this streak after more than $8 billion left the market during the previous eight weeks. So institutions may be coming back, but they are still buying cautiously. This is why I wouldn’t call it a full return of institutional demand yet. A few green days can improve sentiment, but they don’t erase two months of selling. For bitcoin:native to build a more convincing recovery, these inflows need to continue and become large enough to absorb selling without relying on short squeezes. The direction has improved. Now the size of the flows needs to confirm it.