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DON’T CONFUSE CAPITAL FLOWS WITH SELLING PRESSURE The bigger picture is more interesting: $BTC Spot ETFs saw -$282.56M, $ETH -$29.76M, while $SOL was nearly flat. Yet $XRP still attracted +$5.14M and $LINK +$4.27M. The key isn’t that total flows are negative—it’s the divergence. Capital is leaving major assets while still seeking specific narratives. If this were true risk-off, would $XRP and $LINK still be attracting capital? What is Money Flow really revealing?