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Yesterday spot BTC ETFs had some substantial outflows. BlackRocks IBIT had $253M outflow. 5H ago they’ve deposited 3,296 $BTC($253M) to CoinbasePrime. So the actual spot sale of BTC in case of outflow happens the next day. I guess this hasn’t been sold yet. All numbers match. Total yesterday BTC outflow $326M ~ 4217BTC is very close to total new BTC deposits to exchanges today.
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