spot $BTC ETF flows have flipped positive for two sessions, but this is stabilization, not a new bid. Farside has 26 Oct at +110.3m USD and 27 Oct at +176.0m USD, a combined +286.3m. IBIT did most of the 27 Oct work at +151.5m; FBTC added +24.5m. context matters. The prior 22-23 Oct sessions were -635.6m and -137.9m, so the two-day bounce retraces only about 37% of that 773.5m outflow. That is a partial repair, not a trend reversal. the price tape is not enough confirmation either. CoinDesk has BTC near 81,000 USD ahead of the Fed decision, up about 1.6% on the day. A flow-positive print into a macro event can be positioning, not sticky demand. risk: if the next session flips negative or the weekly total remains in outflow, this is just a bounce. Watch whether IBIT/FBTC follow-through broadens and whether the 22-23 Oct hole gets fully reclaimed.