Lighthouse Macro

Lighthouse Macro

The Silent Capitulation: ETF Exodus vs. On-Chain Accumulation

US Spot Bitcoin ETF Flows Are at Historic Lows. On-Chain Metrics Say “Buy.”

Lighthouse Macro's avatar
Bob Sheehan, CFA, CMT's avatar
Lighthouse Macro and Bob Sheehan, CFA, CMT
Feb 05, 2026
∙ Paid

If you missed it earlier today, our 3rd installment in the Macro Framework series: Growth: The Second Derivative. Now, our thoughts on Bitcoin…

User's avatar

Continue reading this post for free, courtesy of Lighthouse Macro.

Or purchase a paid subscription.
© 2026 Lighthouse Macro, LLC · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture