ETF flows turned positive again. About $462M moved into spot BTC ETFs in one day, extending a 3-day streak to ~$1.1B. BlackRock’s IBIT alone accounted for roughly $307M. Interesting context: ETFs had seen ~$3.8B in outflows during the previous five weeks. At the same time BTC briefly pushed above $73K, while sentiment indicators still sit in extreme fear territory. When inflows return before sentiment does, what phase of the market cycle does that usually signal?