Econometrics: Bitcoin ETF has been showing a decline in net demand for more than 100 consecutive days, which is a historic record of weakness.

According to #Econometrics, cumulative BTC reserves in spot ETFs have been falling for over 100 days without interruption. This is the longest downtrend in net demand for ETFs in the history of observations.

Interestingly, last week the first signs of recovery in inflows began to appear, but fresh macroeconomic turbulence this week quickly dampened this momentum. The market has again returned to a state of increased volatility, meaning inflows into ETFs are not yet becoming a sustainable driver.

All this confirms that the regime shift in demand that #BTC is waiting for to ensure recovery has not yet occurred.