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NFP beat expectations. Hawkish pressure is rising. But the real signal is in where capital is moving. 🔹 $BTC : Spot ETF flows remain resilient, with no major institutional selling during the pullback. 🔸 $ETH : Spot ETFs are seeing modest outflows, suggesting capital is becoming more selective. The divergence is clear: BTC → Macro hedge / digital gold ETH → Higher-beta growth asset For ETH to regain the lead, a macro rebound alone may not be enough. #HammackBacksHike