Bitcoin fund inflows (one of the most important metrics to track this cycle IMO) has turned negative for the first time since 7th October 2023.

However,I don't see this as a sign of a cycle top just yet.

Recent hot inflation data + typical seasonality (summer / US tax season), seems to have spooked TradFi for now.

I have no doubt that TradFi money will return in full force... probably by July at the latest.$BTC $ETH $BNB #Ripple #Web3