ETF has been flowing out for 11 consecutive days.

Has the Bitcoin bull market really ended?

Recently, ETF capital flows resemble a breakup scene.
11 days of net outflows have made many investors nervous.
Some even begin to wonder:
Has the bull market left early?
Actually, capital outflow does not equal the end of the trend.
The market has a rule.
When prices are rising, everyone is eager to swap their salary cards for BTC.
During pullbacks, even their phone wallpapers want to switch to cash.
Emotions are just that real.
ETF outflows more reflect a short-term risk appetite decline.
Not the disappearance of long-term logic.
If we compare the market to a marathon,
then capital inflows and outflows are more like supply stations.
Running too fast, needing to catch a breath.
Running too slow, then accelerating again.
What truly determines the bull-bear transition is never just a few days’ data.
It’s macro liquidity.
So, instead of watching daily inflows,
it’s better to focus on when capital will come back.
Because the market is never short of opportunities.
What’s lacking is patience.
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