Coinbase premium and ETF flows are a bit weird today... Looking at the real premium, it was mostly positive from the Asian session afternoon all the way until the Americans woke up... Z-score is also very positive. Theoretically, days like this suggest that ETFs should see net inflows today... But during the Asian session, Coinbase's spot CVD remained negative (more active selling pressure). This kind of data contradiction is pretty rare... Let's keep an eye on it...