ETFs pulled in almost $2 billion this week. Bitcoin ETF inflows recorded over $1.9B this week. Five sessions, not a single outflow day, and the biggest week since the October 2025 top. Ether funds added another $700m on top of that. The part that matters is where the bid came from. October was a leverage-led top, and it got flushed. Perps unwound, open interest reset, and price ground all the way down to just below $58k. Now, leverage has been flushed, sellers are exhausted, and spot-driven demand has returned. A deleveraged base and a spot-led bid means a healthier market structure. #Crypto #Bitcoin #ETF #Spot bitcoin:native