After Last Week's $554M ETF Outflow — BTC Is Still Holding Above 80k. What Does That Tell Us?

Last week felt like a wake-up call. Six strong days above 81k, then institutions pulled $372M in a single day — the largest outflow I've tracked. Most people expected a sharper drop.

Instead BTC is now on its third consecutive day above its 7-day average at 80,900. That resilience is worth paying attention to.

A few things I'm noticing:

Short squeeze dynamics have been active for three days straight. $87M in short liquidations today — bears keep getting caught. That's been the primary driver holding price up in the absence of institutional buying.

RSI is at 68.1 — approaching overbought but not there yet. The squeeze can push it higher before exhausting.

Fear & Greed is exactly at 50 — perfectly neutral. No euphoria, no fear. The market genuinely doesn't know which way this goes.

What's missing: ETF data is unavailable today (Monday, weekend gap). Tuesday's inflow/outflow number will be the first real read on whether institutions are coming back after last week's exit.

My read: this is a market waiting for a catalyst. The squeeze is keeping price afloat but it's not a foundation. Either ETF flows return this week and we test 82.3k again — or they don't and 80.5k becomes the key level to watch.

What's your read — squeeze exhaustion incoming or another leg higher?