Just noticed Bitcoin ETFs had their best week in months with nearly a billion in net inflows. The flow numbers are pretty solid - Friday alone saw like $664 million coming in, which tells you something about institutional interest right now. Even with all the geopolitical noise going on, money's still moving into these ETF products.

What's interesting is the price action hasn't really matched the inflow momentum. Bitcoin popped above $77K briefly when news broke about Iran reopening the Strait of Hormuz, but then it got pulled right back down when reports came out that they tightened control again. Classic risk-off reaction. Now we're sitting around $80K but the real story is that Bitcoin keeps getting trapped in this $72-76K range despite all the ETF buying.

Total assets in spot Bitcoin ETFs climbed back over $101 billion by end of week, and daily volumes hit nearly $4.8 billion. That's real institutional demand happening. But here's the thing - the market's basically waiting for something to break the consolidation. ETF inflows are providing a floor, but Bitcoin needs either macro conditions to improve or geopolitical tensions to actually settle before we see a decisive move higher. Right now every little headline about Iran or oil prices is moving the needle more than the actual ETF demand.