#ETF资金流向 Recently observed changes in the capital flow within the precious metals sector, and there is a phenomenon worth noting. The rise of silver, palladium, and other commodities is essentially driven by short positions being squeezed, and this short-term overbought condition is often unsustainable. Once a correction begins, capital will seek new directions.

From recent trends, precious metals have indeed experienced a noticeable pullback, while crypto assets have rebounded accordingly. This reflects a rotation of funds — moving out of overheated, overcrowded trades and into relatively undervalued assets.

What I want to say is that this phenomenon reminds us of an important principle: the rise of any asset must be driven by genuine fundamentals. If it is driven by extreme emotions or short-term squeezing, then caution is necessary. Whether chasing precious metals or crypto assets, ask yourself — is this rally supported by sustainable fundamentals, or is it just short-term emotional volatility?

In terms of position management, consider whether you have added to positions in highly crowded trades. Changes in capital flow often serve as a market reminder to reassess risks. In the long run, maintaining sensitivity to capital flow is more important than chasing the ups and downs of any single asset.