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Nenet.crypto
FLOWS ARE COOLING, BUT PRICE IS STILL HOLDING
On Sept. 22, spot ETF flows remained positive
🟠 $BTC +$104.54M → cumulative $56.26B
🔵 $ETH +$37.70M → cumulative $13.56B
But inflows were much smaller
Current prices remain strong:
🟠 $BTC $86.49K (recent high: $87.40K)
🔵 $ETH $2.76K (recent high: $2.81K)
The key point: ETF flows are slowing, but price hasn't broken down
The question is no longer: "Are ETFs buying?"
If ETF demand keeps cooling, what demand is keeping the market this high?
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