ETF流作為比特幣市場上衣和底部的關鍵指標。

加密分析師Daan Crypto Trades強調了ETF流數據是當前比特幣週期中最可靠的指標之一

Crypto analyst Daan Crypto Trades has identified ETF flow data as a key input in his analysis, especially in the present Bitcoin cycle. According to him, this data provides one of the more reliable signals, offering insights into the strength or weakness of the market during local tops and bottoms.

加密分析師Daan Crypto Trades已將ETF流數據確定為分析中的關鍵輸入，尤其是在當前的比特幣週期中。據他介紹，這些數據提供了更可靠的信號之一，為當地上衣和底部期間市場的優勢提供了見解。

In a recent post, Daan explained how large ETF inflows or outflows can provide clues about underlying market absorption and potential reversals—even when price action appears to stall.

在最近的一篇文章中，Daan解釋了大型ETF流入或流出可以提供有關潛在市場吸收和潛在逆轉的線索，即使價格行動似乎停滯不前。

“When we see big inflows after a big run, but price refuses to move higher, it often signals a local top.” Conversely, large outflows after a correction with no further drop in price may indicate a local bottom, as selling pressure is absorbed. This behavior, Daan suggests, reflects market participants using ETF flows to accumulate or distribute positions while awaiting price confirmation.

“當我們看到大量運行後的大量流入，但價格拒絕移動更高時，它通常會標誌著當地上衣。”相反，由於銷售壓力吸收，校正後的大量流出可能表明本地底部。 Daan建議，這種行為反映了市場參與者使用ETF流量來積累或分發位置，同時等待價格確認。

The post concludes with a simple rule of thumb:

該帖子以簡單的經驗法則結束：

An attached chart shows BTC ETF balances and daily flows over the past year, with green and red bars representing inflows and outflows respectively, plotted against Bitcoin’s price action.

附帶的圖表顯示了過去一年中BTC ETF的餘額和每日流量，綠色和紅色條分別代表流入和流出，反對比特幣的價格行動。

“ETF flows can be good for momentum, but be cautious and watch whether price actually follows through,” Daan emphasized. As ETF products continue to grow in their footprint within crypto markets—especially with the increased focus on institutional adoption—their flows are becoming a valuable input for traders and analysts seeking an edge in timing entries and exits.

“ ETF流可以對動量有好處，但要謹慎，並註意價格是否真正遵循。”隨著ETF產品在加密市場（尤其是對機構採用的越來越關注的關注點）的佔地面積的增長，對交易者和分析師尋求優勢在定時條目和退出方面，他們的流量已成為有價值的投入。