What is most worth watching about TC now may not be whether there is still capital entering, but whether the incoming capital is strong enough?

ETF net inflows remained steady in the early stage, and market sentiment clearly recovered, but the recent cooling in capital inflows is actually more worth关注 than simple “net inflows.”
For BTC, the direction of capital is only the first layer; what truly determines whether the market can continue rising is whether incremental capital keeps expanding.
If ETFs merely maintain small inflows while in-market profit-taking continues, the market can easily fall into a range-bound pattern or even show a situation where “it looks strong, but there is actually insufficient follow-through.” So next, I will focus more on two signals: whether ETF net inflows can pick up in volume again, and whether spot capital actively absorbs selling when BTC pulls back. The fact that capital has not left is a good thing, but truly strong market trends often require capital to keep accelerating, rather than merely maintaining inflows. #BTC #比特币 #Crypto #比特币行情 #Cryptocurrency