Is the $1.8B ETF Exit Setting Up a Move to $85K?
$BTC has cooled off hard: ~$97K → ~$90K in ~10 days.
The key driver isn’t just price action — it’s flows:
Spot BTC ETFs: ~$1.8B outflows
On-chain: Net Realized P/L turned negative → sellers dumping at a loss
This combo usually means liquidity is drying up and market structure is fragile.
Level to watch: $85K
That’s the next real support where buyers must show up.
