Flows are rotating into BLTE while CRM weakens

🇺🇸 A clear flow shift is unfolding as outflows from $CRM (Salesforce, Inc.) dominate the session, with a $99M exit, overshadowing the $35M inflow into BLTE. This marks a pivot from last week’s more balanced activity toward a seller-heavy environment in the market’s largest theme. The top outflow in CRM underscores sustained pressure on the stock, while the BLTE inflow signals selective buying in a different corner of the market. With 204 outflows versus 177 inflows, the breadth confirms a broadening move away from CRM, pointing to cautious positioning rather than a broad rally. Next, watch whether the flow into BLTE sustains and spreads beyond the top theme, or if CRM’s decline accelerates. The market’s next move hinges on whether this flow pattern remains confined or signals a more widespread shift.