I just saw some data: the $BTC ETF saw roughly another couple hundred million dollars flow in yesterday.

That makes several days in a row.

Put simply, money from traditional investors buying ETFs is still gradually flowing in.

Is it a huge amount? Not really.

But at least it tells us one thing: big money isn’t rushing to get out at this level.

What’s the market most afraid of right now?

A lack of buyers.

Prices are going nowhere, retail investors are afraid to act, and most of the leverage has already been flushed out.

At a time like this, steady inflows into ETFs provide a bit of a cushion underneath.

But don’t read too much into it.

ETF buying is more of a slow-moving factor; you can’t realistically expect it to drive a rally.

If you really want to gauge the direction, you still need to watch whether spot-market volume picks up.

My stance is simple:

I’m not chasing, but I’m not panicking either.

At this level, I’d rather see whether the price can hold sideways. That would be better than anything else.