Yesterday, $BTC ETF outflows reached $450 million, the highest since June 25, 2026. $ETH outflows hit $141 million, the highest since January 30, 2026. Today, Coinbase's discount continues to widen, indicating that ETF and other U.S. market funds are still selling. If there's a spike before tonight's rate hike, get ready to short. Tonight's 25bp rate hike is basically locked in, and the dot plot will most likely reflect one more rate hike this year. The biggest variable is whether Waller's speech will be hawkish or dovish.