BTC ETF demand is still positive, but price action is telling a different story. U.S. spot BTC ETFs recorded $118.86M in daily net inflows, with total net assets around $110.68B. Normally, that kind of flow would support the tape. Instead, BTC is trading near $83.2K, down 3.5% over 24h. The reason is macro. WTI crude is back near $90/bbl, while the U.S. 10Y yield has climbed around 5.33% and the 30Y near 5.71%. Higher Oil keeps inflation risk alive, and higher yields raise the hurdle rate for risk assets. So the takeaway is not that ETF demand has disappeared. It is that macro pressure is currently absorbing the ETF bid. Can BTC recover if ETF inflows stay positive, or do yields need to cool first? 👇