Analyst: Bitcoin ETF Flows Are a Thermometer, Not a Price Forecast
- —Swift analyzed capital flows into BlackRock's IBIT fund
- —Peak inflows into IBIT coincided with the market cycle top
- —Massive outflows occurred at the market bottom
- —The analyst likened ETF flows to a fear and greed index for TradFi investors
Why it matters: Investors should stop reading ETF inflow spikes as a bullish signal for BTC — the data lags the price rather than leading it.
Source: Cryptocurrency.tech
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