ETF flows are pulling Bitcoin lower.
As of Friday, our flows-to-price model put the expected price at $107K, with downside risk below $100K if outflows persist.
The macro uncertainty of the past few weeks is showing up directly in the flows.

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Pi Coin has failed to sustain its recovery over the past few days, leaving investors increasingly skeptical about its near-term outlook.
Despite Bitcoin holding steady above $110,000, Pi Coin’s detach...

Pi Coin Price Nears All-Time Low, And Even Bitcoin Can’t Save It Anymore

This week, BTC saw a surge after hitting the STH-RP level, but it retreated after the release of unemployment and NFP data.
"Is There Any Funding to buy the dips in Bitcoin Right Now? The Lock-In Resistance Above 116K Remains Strong (Mr. Berg's BlockTempo Report #41)" This article was originally published on BlockTempo, the most influential ABMedia outlet.

Is there any money buy the dips in Bitcoin right now? The resistance above 116K remains strong (Mr. Berg's On-Chain Weekly Report #41)

PANews reported on September 7 that the OKX market showed that ETH had just fallen below $4,300 and was currently trading at $4,298.46 per coin, with a daily increase of 0.67%.

ETH fell below $4,300, up 0.67% on the day

The key here is that flow-driven selling matters more than day-to-day volatility.
Negative ETF flows mean actual capital is leaving the structure, not just traders reacting to price.
That’s why flows, not short-term noise, are the signal to watch.
Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.