Bitcoin Flow and Macro Insights

Weekly recaps of US spot Bitcoin ETF flows, issuer rotation, and Strategy's treasury activity, plus a midweek macro read from our own live data.

• SIGNAL · 18 Sep 2026Institutional Bitcoin Demand Falls to 23.8, Third Week Downbryptoflows' institutional bitcoin demand score fell to 23.8 — a third straight decline — and 93% of the flow holding it up rolls off within five sessions.
• TREASURY · 17 Sep 2026Strategy Bitcoin Holdings Flat, $926M Spent on BuybacksStrategy bitcoin holdings held at 845,050 BTC this week as seven straight filings show $926M funneled into preferred-stock buybacks, not bitcoin.
• MACRO · 16 Sep 2026Bitcoin Macro Outlook: Fed Hike Odds Hit 93%, -$450M DayThe bitcoin macro outlook has turned hawkish as Fed hike odds hit 93% and yields hit 19-year highs; ETFs posted their most one-sided outflow day in weeks.
• SUPPLY · 15 Sep 2026Bitcoin Supply Shock Stalls: ETFs Hand Back 3,949 BTCThe bitcoin supply shock still reads 5.2x over twenty sessions, but ETFs returned 3,949 coins across the last five. The headline is a rear-view number.
• ETF FLOWS · 14 Sep 2026Bitcoin ETF Inflows Go Quiet: $25.2M Across 12 FundsBitcoin ETF inflows open the week from a standstill — Friday's entire 12-fund complex traded just $25.2M gross, the sixth-quietest session on record.
• WEEKLY · 12 Sep 2026Bitcoin ETF Streak Snaps: $462.7M Outflow WeekUS spot Bitcoin ETFs shed $462.7M this week, ending three positive weeks, as ARKB drove half the outflow and BlackRock's IBIT itself turned net negative.
• SIGNAL · 11 Sep 2026Institutional Bitcoin Demand Score Falls 26 Points to 28.9bryptoflows' institutional bitcoin demand score fell from 55.2 to 28.9 in a week — not because buying shrank, but because only 1 of 12 ETFs bought.
• TREASURY · 10 Sep 2026Strategy Bitcoin Holdings Unchanged, $176M to BuybacksStrategy bitcoin holdings held at 845,050 BTC this week as the company spent $176.3M buying back preferred stock instead of bitcoin.
• MACRO · 9 Sep 2026Bitcoin Macro Outlook: BTC Holds $79.5K as Oil Nears $100The bitcoin macro outlook this week: Fed hike odds swung 66%-48%-58%, oil neared $100 on Iran, and BTC held near $79,500 as ETF flow data stayed strong.
• SUPPLY · 8 Sep 2026Bitcoin Supply Shock: Three-Month Ratio Hits 0.77xThe bitcoin supply shock cleared zero at three months: ETFs absorbed 0.77 coins per coin mined over 60 sessions, the first positive reading since May.
• ETF FLOWS · 7 Sep 2026Bitcoin ETF Inflows Ex-BlackRock Turn Positive: +$47MStrip out BlackRock and 60-session bitcoin ETF inflows are +$47.1M — the first positive reading since May 14, after 77 straight negative sessions.
• WEEKLY · 5 Sep 2026Bitcoin ETFs Post $987M Week on Best Day Since JanuaryUS spot Bitcoin ETFs added $986.7M this week, powered by a $730.8M record day, though breadth stayed narrow with Strategy's treasury unchanged at 845,050 BTC.
• SIGNAL · 4 Sep 2026Institutional Bitcoin Demand at 55: Deep, Not Broadbryptoflows' institutional bitcoin demand score reads 55.2 of 100 on all eight components — but two of them supply two-thirds of it, and breadth lags badly.
• TREASURY · 3 Sep 2026Strategy Bitcoin Holdings Hit 845,050 BTC as Buying ResumesStrategy's bitcoin holdings rose to 845,050 BTC after a $369.7M purchase at $80,318 a coin, ending nine weekly filings without an acquisition.
• MACRO · 2 Sep 2026Bitcoin Macro Outlook: Fed Hike Odds Jump to 66%The bitcoin macro outlook turned hawkish: Fed hike odds hit 66% and bitcoin's institutional-support score fell from 49 to 28 in a week.
• SUPPLY · 1 Sep 2026Bitcoin Supply Shock: 5.2x at One Month, Zero at ThreeUS spot ETFs absorbed 5.15x new bitcoin supply over 20 sessions and exactly none over 60 — the bitcoin supply shock is a one-month story, not a quarter.
• ETF FLOWS · 31 Aug 2026Bitcoin ETF Inflows: +$385M Over 60 Days, and It's All IBITThe 60-session bitcoin ETF net flow crossed above zero on August 27, its first positive reading since May — but strip out IBIT and it is still -$344M.
• MONTHLY · 29 Aug 2026Monthly Review: Bitcoin ETFs Post 2026's Best Month as Price Jumps 30%US spot Bitcoin ETFs took in $3.32B in August, 2026's strongest month by a wide margin, as price ran from $62K to an $81K high and Strategy net-sold bitcoin.
• WEEKLY · 29 Aug 2026Bitcoin ETF Inflows Cool to $924M as August's Rally Stalls Near $80,000US spot Bitcoin ETFs added $924.5M this week, half the prior week's pace, as a nine-session inflow streak snapped and Strategy's buying pause hit eight weeks.
• MACRO · 26 Aug 2026Bitcoin Macro Outlook: $80K Rally, No Rate Cut PricedBitcoin topped $80,000 as the dollar slid and the Treasury doubled bond buybacks, but Fed futures still show almost no chance of a September rate cut.
• SUPPLY · 25 Aug 2026Bitcoin Supply Shock: ETFs Absorbed 4.2x New SupplyOver the last 20 sessions US spot ETFs took 38,016 BTC against 9,000 mined — a 4.22x absorption ratio, the strongest bitcoin supply shock reading since May.
• ETF FLOWS · 24 Aug 2026Bitcoin ETF Inflows: IBIT Drove 69% of a $1.92B WeekUS spot bitcoin ETF inflows hit $1,917.8M over five sessions, the best week in 45 — but BlackRock took 69% of it, and the 60-day trend is still negative.
• WEEKLY · 22 Aug 2026Bitcoin ETFs Post Their Best Week of 2026 as Strategy's Bitcoin Freeze Drags Toward Two MonthsUS spot Bitcoin ETFs took in $1.92B over five straight sessions as price ripped higher, while Strategy's own dataset shows no bitcoin purchase since August 3.
• MACRO · 19 Aug 2026The Biggest Global Bond Rout in Decades, and Bitcoin Barely MovedUS 30-year yields hit 2007 highs and Japan's 30-year cleared 4%, yet Bitcoin closed higher and ETF flows turned positive. That non-reaction is the story.
• WEEKLY · 15 Aug 2026Bitcoin ETF Flows Turn Negative as MSCI Opens a Consultation That Could Drop Strategy From Its IndexesUS spot Bitcoin ETFs shed $385.2M this week, erasing nearly half the prior week's rebound, as MSCI proposed rules that could drop Strategy from major indexes.
• MACRO · 12 Aug 2026Oil Reopens the Inflation Question and Bitcoin's ETF Bid Snaps on CueA stalled Hormuz deal pushed crude 5% higher and the 10-year to 4.72%. Gold caught the safe-haven bid; Bitcoin got a $144.6M outflow instead.
• WEEKLY · 8 Aug 2026Bitcoin ETFs String Together a Five-Day Inflow Streak as Strategy Sells Below Cost AgainUS spot Bitcoin ETFs took in $865M over five straight sessions this week, while Strategy sold 1,638 BTC below its average cost to fund preferred dividends.
• MACRO · 6 Aug 2026Bitcoin Sits Out a Record-High Tape as September Fed Hike Odds FirmEquities set records and the dollar broke below 100, yet Bitcoin sits 21% under its May high. The ETF bid is recovering; Strategy's treasury is not.
• WEEKLY · 13 Jul 2026US Spot Bitcoin ETF Flows Turn Sharply Negative — Week of July 7–13, 2026US spot Bitcoin ETFs shed $493M over five sessions as breadth narrowed to two funds and BlackRock's IBIT went red, while Strategy added 203,000 BTC.