There is not much on this regime map that suggests strong bullish expansion right now.

Yes, liquidity is still elevated in absolute terms, sitting around the 90th percentile, but that is no longer the part that matters most.
What matters is that the 13…

2026/3 Bitcoin ETF: +$1,319 million

> $IBIT: +$1.39 billion (+19,311 Bitcoin)
> $BTC: +60.4 million
> $BITB: -102.7 million
> $GBTC: -136.0 million

Bitcoin

3/31 Bitcoin ETF Total Net Flow: +$117.31m
$IBIT (BlackRock): +$98.10m
$FBTC (Fidelity): +$16.24m
$BITB (Bitwise): +$1.84m
$ARKB (Ark): +$1.13m
$BTCO (Invesco): $0.00m
$EZBC (Franklin): $0.00m
$BRRR (Valkyrie): $0.00m
$HODL (VanEck): $0.00m
$BTCW (WisdomTree):…

3/31 BlackRock Bitcoin ETF $IBIT
Net flow: +1,451 Bitcoin ($+98.10 million)
Volume: $2.0B

3/31 BlackRock ETH ETF $ETHA
Net flow: +11,780 ETH ($24.69 million)
Volume traded: $0.6B

3/31 BlackRock Staked ETH ETF $ETHB
Net flow: +515 ETH ($+1.08m)
Holdings: 194,989 ETH (Staked: 153,136 | Ether: 41,853)

3/31 Ethereum ETF Net Flow: +$31.16m
$ETHA (BlackRock): +$24.69m
$FETH (Fidelity): +$1.57m
$ETHW (Bitwise): +$1.20m
$TETH (21Shares): +$2.62m
$QETH (Invesco): $0.00m
$EZET (Franklin): $0.00m
$ETHV (VanEck): $0.00m
$ETHB (BlackRock Staked): +$1.08m
$ETHE (Grayscale):…

$BTC 🟠

Capitulation is almost up.

The reversal will be biblical.

💸 In a strong sign of capitulation, the amount of Tether wallets (On Ethereum's blockchain) has declined by -72,841 (-0.54%) in just 48 hours. $USDT's number of addresses historically sees a net increase nearly every day, unless buying interest from retail…

4/1 Bitcoin ETF Total Net Flow: $-173.76m
$IBIT (BlackRock): –$86.56m
$FBTC (Fidelity): –$78.64m
$BITB (Bitwise): –$5.55m
$ARKB (Ark): $0.00m
$BTCO (Invesco): $0.00m
$EZBC (Franklin): $0.00m
$BRRR (Valkyrie): $0.00m
$HODL (VanEck): $0.00m
$BTCW (WisdomTree):…

4/1 BlackRock Bitcoin ETF $IBIT
Net flow: -1,270 Bitcoin ($-86.56 million)
Volume: $1.3B

4/1 BlackRock ETH ETF $ETHA
Net flow: -15,103 ETH ($-32.15 million)
Volume traded: $0.6B

4/1 BlackRock Staked ETH ETF $ETHB
Net flow: +2,572 ETH ($+5.48m)
Holdings: 197,561 ETH (Staked: 153,136 | Ether: 44,425)

4/1 Ethereum ETF Net Flow: $-7.02m
$ETHA (BlackRock): –$32.15m
$FETH (Fidelity): –$11.73m
$ETHW (Bitwise): +$4.28m
$TETH (21Shares): +$3.20m
$QETH (Invesco): $0.00m
$EZET (Franklin): $0.00m
$ETHV (VanEck): $0.00m
$ETHB (BlackRock Staked): +$5.48m
$ETHE (Grayscale):…

Price today: $67,795
4 years ago: $45,522
8 years ago: $6,943
12 years ago: $444

The Spiral Chart. #Bitcoin

4/2 Bitcoin ETF Total Net Flow: +$9.02m
$IBIT (BlackRock): –$3.01m
$FBTC (Fidelity): +$7.29m
$BITB (Bitwise): $0.00m
$ARKB (Ark): $0.00m
$BTCO (Invesco): $0.00m
$EZBC (Franklin): $0.00m
$BRRR (Valkyrie): $0.00m
$HODL (VanEck): +$4.74m
$BTCW (WisdomTree):…

4/2 BlackRock Bitcoin ETF $IBIT
Net flow: -45 Bitcoin ($-3.01 million)
Volume: $1.3B

4/2 BlackRock ETH ETF $ETHA
Net flow: -22,654 ETH ($-46.67 million)
Volume traded: $0.6B

4/2 BlackRock Staked ETH ETF $ETHB
Net flow: +0 ETH
Holdings: 197,561 ETH (Staked: 153,136 | Ether: 44,425)

4/2 Ethereum ETF Net Flow: $-71.17m
$ETHA (BlackRock): –$46.67m
$FETH (Fidelity): –$7.70m
$ETHW (Bitwise): $0.00m
$TETH (21Shares): $0.00m
$QETH (Invesco): $0.00m
$EZET (Franklin): $0.00m
$ETHV (VanEck): $0.00m
$ETHB (BlackRock Staked): $0.00m
$ETHE (Grayscale):…