ETF流作为比特币市场上衣和底部的关键指标。

加密分析师Daan Crypto Trades强调了ETF流数据是当前比特币周期中最可靠的指标之一

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.

加密分析师Daan Crypto Trades已将ETF流数据确定为分析中的关键输入，尤其是在当前的比特币周期中。据他介绍，这些数据提供了更可靠的信号之一，为当地上衣和底部期间市场的优势提供了见解。

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解释了大型ETF流入或流出可以提供有关潜在市场吸收和潜在逆转的线索，即使价格行动似乎停滞不前。

“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.

“当我们看到大量运行后的大量流入，但价格拒绝移动更高时，它通常会标志着当地上衣。”相反，由于销售压力吸收，校正后的大量流出可能表明本地底部。 Daan建议，这种行为反映了市场参与者使用ETF流量来积累或分发位置，同时等待价格确认。

The post concludes with a simple rule of thumb:

该帖子以简单的经验法则结束：

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.

附带的图表显示了过去一年中BTC ETF的余额和每日流量，绿色和红色条分别代表流入和流出，反对比特币的价格行动。

“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流可以对动量有好处，但要谨慎，并注意价格是否真正遵循。”随着ETF产品在加密市场（尤其是对机构采用的越来越关注的关注点）的占地面积的增长，对交易者和分析师寻求优势在定时条目和退出方面，他们的流量已成为有价值的投入。