#ETF资金流向 The recent volatility of Bitcoin is really approaching a critical moment! Recently, I’ve seen analysts’ opinions, and in the short term of 1-2 months, there’s no need to be overly pessimistic. Instead, focus on an important signal—the **ETF capital flow**.

This is like the market’s "thermometer." When large institutions continue to see net inflows through ETFs, it indicates that long-term funds are actively positioning; conversely, if there are significant outflows, that’s when caution is warranted. Currently, Bitcoin’s trading range has been compressed to the extreme, like a spring being pressed to the bottom—either a rebound upward or a release downward, and the direction will soon become clear.

There may be an adjustment around March or April next year, but this is precisely the normal state for long-term allocation of decentralized assets. True believers know that short-term fluctuations cannot change the overall direction of Web3’s future. Instead of guessing every price movement, it’s better to keep an eye on fundamentals—ecosystem development, application deployment, and capital activity—these are the long-term hard indicators.

The trend is about to become clear, and market sentiment will follow suit. Be prepared and let the bullets fly a little longer.