In the past two weeks, ETF funds have been flowing out almost every single day. Outflows when the market drops, outflows when the market rebounds. What does this tell us? It shows that many institutions don’t trust this round of price increases. Until yesterday, ETFs finally saw a noticeable net inflow. And suddenly, the entire internet got excited. But here’s the problem: Can a retreat that lasted over ten days be reversed by just one day of inflows? Many people love to treat one green candle as a trend, or one day of inflows as a turning point, but the market doesn’t work like that. A real trend isn’t formed in just one day. Last year, ETFs drove BTC’s price up not because of one day of crazy buying, but because of continuous inflows over several months. Similarly. If we’re truly seeing a reversal now, what we should see in the future is sustained inflows, not occasional one-day inflows. That’s why I’ve always believed: the price increase isn’t what matters; what matters is who’s buying during the increase. Because prices can be driven by emotions, triggered by news, or even pushed up by short covering, but cycles won’t, and capital won’t. If ETFs resume outflows in the next few days, then yesterday’s inflow will look more like a brief interlude during a rebound, rather than a turning point in the cycle. The most valuable thing in the market has never been news—it’s the patience to see the trend clearly. After all: One day of capital inflows can’t change the trend; sustained capital inflows are what can change the cycle.