Bitcoin fund flows show investors trading Fed path, not exiting: CoinShares

This suggests crypto positioning is increasingly mirroring macro trading logic, where rate expectations override price action. The absence of outflows amid a stalled rally implies holders are treating Bitcoin as a rate-sensitive asset, not a conviction exit. The key signal is whether flows pivot if Fed pricing shifts again, which would confirm that monetary policy, not crypto-specific catalysts, dominates near-term demand.