💰 Analysis of the behavior of the funds of ‎#ETF last month 👇

The funds have reduced their positions more than they have increased them, with a total negative flow of ~754M$, reflecting a cautious mood and waiting for direction.
The behavior is volatile: days of inflow are followed by days of outflow, indicating uncertainty and daily risk management rather than a clear selling or buying wave.
Bitcoin was the most outflowing, while Ethereum moved quietly but is still negative! A signal for profit-taking, not a flight.
Despite the monthly negativity, the last 3 months are still positive (+874M$), which means that the current pullback is a natural institutional correction and not a change in direction.
Summary:
The funds are in a state of waiting and anticipation, a reduction rather than a panic exit. The upcoming buying wave will only appear when liquidity improves and Bitcoin's movement stabilizes above strong levels.
‎$BTC ‎$ETH