Indicator Overview

The Bitcoin ETF Delta indicator displays the daily deviation of actual ETF net flows from their user-selected SMA baseline (default 30-day), expressed in USD billions. The result is rendered as a gradient bar chart that shifts from deep teal (sharp underperformance, forced selling or panic redemptions) through neutral grey to vivid green (massive outperformance, explosive institutional buying). Bitcoin price is overlaid on a secondary logarithmic axis in white, with a 1-day tracker line providing raw flow visibility.

How To Use

Vivid green spikes signal extreme positive delta and historically mark the strongest phases of institutional accumulation, often coinciding with parabolic price advances and the beginning of major bull legs. Teal spikes reveal extreme negative delta and typically occur during capitulation, forced liquidations, or redemption waves, creating some of the most attractive generational entry zones.

Traders monitor green spikes as confirmation of new institutional buying cycles, negative teal spikes as capitulation buy signals, and the zero line as the primary flow-regime divider, making ETF Delta the sharpest real-time gauge of institutional momentum versus expectation in Bitcoin markets.