#ETF资金流向 After reviewing @alicharts' cycle statistics, the data is indeed interesting. Historical patterns show approximately 364 days from top to bottom, and based on the current cycle, the expected bottom points to October 2026, with a price range around $37,500.

This logic itself is valid—the market cycle of Bitcoin does exhibit a certain regularity. But what’s truly worth paying attention to is the movement of whales and institutions during this downtrend. If large inflows start accelerating after August, it may indicate that smart money has already begun to position itself in advance, and the bottom could arrive earlier than cycle predictions.

Recently, the flow of ETF funds is worth closely monitoring, especially the net inflow of spot BTC ETFs—this often reflects the true attitude of institutions better than technical analysis. The bottom may indeed occur in the second half of next year, but the specific timing depends on the actual on-chain fund movements.