eleven days of etf outflows. $1.6B just this week. what actually brings institutions back?

eleven consecutive days of etf outflows.

this week alone:

monday: -$112M

tuesday: -$369M

wednesday: -$800M

thursday: -$344M

total this week: -$1.6B

i've been thinking about what actually brings institutions back.

not oversold rsi. not recovering breadth.

those are retail signals.

normally institutions come back when:

macro shifts — fed pivots or signals cuts.

geopolitical risk clears — iran deal, trade war de-escalation, something structural.

price finds a level that looks cheap relative to their cost basis.

or simply: when the narrative changes and they need btc exposure again.

none of those have happened yet.

so we're in a waiting game.

technicals say oversold.

institutional flows say not yet.

what do you think brings them back?

positive news regarding the Iran conflict? any other news?

or just time and a lower price?