
$BTC $IBIT $FBTC #Bitcoin #BitcoinETF Are ETF outflows a sell signal? Here is what the flow data says. US spot bitcoin ETFs (net flows = coins bought minus coins redeemed): • Oct 6, 2025 high → Jun 30 low: holdings fell 18%, 734,600 → 600,400 BTC • Since Jul 1: +76,900 BTC back in, 57% of what left • October to the 23rd: −4,200 BTC, 0.6% of holdings Flows and price move together on the day. But across 605 days, yesterday's return predicts today's flow (correlation 0.44) far better than yesterday's flow predicts today's return (0.11). Flows mostly follow price. What would make outflows a leading signal: redemptions that run ahead of price, before the June 30 close of $58,525 is tested.
