The correlation between ETF capital flows and coin prices is just too strong, 43% versus 41%, 63% versus 59%, basically mirror declines. Still experiencing net outflows, the short-term pressure indeed hasn't eased yet.

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MarsBitNews
Analysis: Bitcoin and Ethereum prices are highly synchronized with the inflow and outflow of spot ETF funds.
Analyst Yu Yan states that after the spot ETF launched, the price trends of BTC and ETH and the ETF capital flows are basically synchronized. Since October last year, the BTC ETF size has decreased to 96.4 billion, a 43% drop, with the price falling to 73k, a 41% decline; ETH ETF size has decreased to 11.6 billion, a 63% drop, with the price falling to 2,000, a 59% decline. Recently, ETFs have continued to experience net outflows, and prices have been declining for about half a month.
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