Yesterday, BTC spot ETFs experienced another huge net outflow. Many people only focus on the candlestick. But what really determines the price is never the candlestick. But rather funds. What does continuous net outflow of ETF mean? This means that the institution is not bottom fishing. But in retreat. Without additional funding, even the best stories are just stories. Without real gold and silver, even the strongest faith cannot sustain the price. Many people always like to find support for a decline. A true bear market never falls below a certain price. But it falls below the confidence of funds. The most dangerous thing now is not that BTC has fallen. But the number of buyers is decreasing, and the number of sellers is becoming more determined. When ETFs start to flow out continuously, The market is no longer as simple as' washing the market '. Don't interpret every drop as an opportunity. Sometimes, It's just funds telling you in the most honest way possible: This round, they chose to leave first. Bull markets are driven by funds. Bear markets rely on faith to withstand. And faith has never been the support of price.