If we visualize the recent $BTC ETF flow, things are still a bit concerning. Yes, we're seeing some relief in ETF flow. Definitely much better than the biggest outflow month in Bitcoin ETF history. However, the inflows we're seeing are nowhere near the levels from the short rally in April, let alone enough to offset last month's selling. Nice to see some inflows, but we'll need bigger flow to really confirm a bottom here.
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