Market participants are still focused almost entirely on net inflows,while paying little attention to net outflows. At the same time, the broader trend continues to weaken,yet this is rarely being discussed. BlackRock(IBIT) has recorded its largest single-day net outflow since the ETF launched. That equals 6,200 BTC, and on a cumulative basis through the 29th,a total of 9,800 BTC has been sold. Even the once-solid liquidity players that had been supporting OTC flow snow appear to be gradually losing their footing.(mignolet)