Exchange Netflow Hits +18K BTC as US Spot ETFs See -16K BTC, Adding 34K BTC Pressure
Over the past week, BTC flows tilted against buyers as net exchange inflows climbed to +18K BTC while U.S. spot Bitcoin ETFs recorded roughly -16K BTC. Together, the two channels imply about 34K BTC of local selling pressure, with ETFs not providing demand to offset the added exchange-side supply.