Bitcoin demand risk read from the US spot ETFs: log price against a 0–1 risk score of aggregate daily net flows, smoothed over 30 days and standardized against their own 2-year baseline. Record inflows mark demand euphoria near tops; sustained outflows mark exhaustion. History starts with the ETFs in January 2024.
Updates daily · Next update ~06:15 UTC
Pro · locked preview
Pro chart: unlock the real signal
Unlock with ProEach metric this chart plots, defined in plain language:
