Pay close attention to the net inflow and outflow of ETFs' funds during this trending market—it’s almost perfectly in sync with BTC! Although there’s a lag in this fund data, it’s still spot-on for judging trends. If ETFs show consistent net inflows over a period of time, it’s clearly a trending market. On the other hand, if there’s both inflow and outflow with little net increase, it’s a consolidation market. If there’s consistent net outflow, then it’s a sustained bearish market.