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On the first trading day of 2026, BTC ETF saw a net inflow of $471 million in a single day. What does this number mean? In November and December, the total net outflow of spot BTC ETFs was approximately $4.57 billion; among them, December alone saw a net outflow of about $1.09 billion. Many people were frantically cutting losses above 93K, while institutions bought back about one-tenth in just one day on January 2nd. At the same time, the following also occurred: