The crypto ETF capital flows over the past week are quite interesting—there was a net inflow of $716 million, with Bitcoin alone accounting for $352 million. It’s worth noting that the previous wave of $5.5 billion in panic selling has finally been digested, and now the total assets under management have climbed back to the $180 billion mark.

Looking at institutional moves is even more intriguing: ProShares alone absorbed $210 million, while the US market contributed nearly $483 million. More importantly, those funds that short BTC actually saw outflows of $18.7 million—meaning the bears are quietly retreating.

On the technical side, BTC is currently oscillating in the $90,000 to $91,200 range, with 70% of buy orders stacked below $90,000. There is indeed short-term support, but with the FOMC meeting yet to happen, it might not be wise to go long right now. Best to stay on the sidelines for now.