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#Spot ETF fund divergence, BTC selling pressure remains 900 million selling, 865 million buying, $BTC is sideways Monday's data is out. BTC ETF net outflow of 145 million, BlackRock IBIT outflow of 53.56 million in one day. ETH is fine, slight inflow of 5.3 million, didn't follow the run. Last week still shouting 865 million net inflow, Monday turned into 145 million outflow. ETF money moves faster than expected. But that's not what I'm watching. Someone is selling on-chain. A certain whale sold 7,513 BTC in the past 3 weeks, worth 487 million. Another suspected miner address transferred 6,494 BTC to Binance in nearly 20 days, average price 64,798. Together, 14,000 BTC, close to 900 million USD. 900 million selling pressure. Meanwhile, $ETH net inflow of 865 million. Both sides cancel out, breaking even. BTC can't break above or below 65,000, not because of lack of buying, but because selling pressure is equally large. ETF is accumulating, whales are unloading. Coinbase premium index has been negative for 77 consecutive days, no local US buyers chasing the rally. Buying is on Wall Street, selling is on-chain, two markets fighting, price stuck in the middle. One side is buying, the other is selling, both with real money. My SPCX short is still open, floating profit long gone, flipping green then red again. But I haven't moved. This week is full of data and directions everywhere. Whether SPCX earnings or unlocks, compared to BTC's macro narrative, they're just side stories. An asset propped up by narrative ultimately depends entirely on BTC's movement. BTC sideways, it stays sideways. BTC falls, it falls harder. BTC rises, it may not follow. So I stay put. Waiting for Wednesday's CPI. If CPI is low, ETF accelerates in, 65,000 becomes the floor. If CPI is high, ETF keeps running, 65,000 won't hold. BTC sideways, my short remains. Wednesday will tell.