ETF flow back in force at +$233.1M. Liquidations halved. Macro cut both ways. OFZA Pulse is our view on the signals shaping sentiment, positioning, and behaviour across digital asset markets. No noise, just what matters. Today was a story of demand meeting a mixed macro backdrop. Spot BTC ETFs posted a commanding +$233.1M net inflow, dragging the week back into positive territory and signalling institutional conviction. Leverage cooled hard - liquidations fell to roughly $85M across both sides, with short liquidations ($51.6M) outweighing longs, a mild squeeze beneath the calm. Stablecoin flows stayed negative at -$80.2M, a modest drain on bid liquidity but only a fraction of yesterday's -$669M exit. The macro calendar cut both ways: GDP undershot at 1.5% (vs 2.1%) and Core PCE cooled to 0.1%, both leaning dovish and supportive of rate-cut odds - but the GDP Price Index ran hot at 6.2% (vs 4.1%), keeping residual inflation pressure alive. The carousel has the full picture. The carousel has the full picture. #OFZA #OFZAPulse #Bitcoin #Ethereum #Crypto #Blockchain #CryptoNews #Dubai