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FLOWS ARE COOLING, BUT PRICE IS STILL HOLDING
On Sep 22, Spot ETF flows remained positive:
$BTC +$104.54M → cumulative $56.26B
$ETH +$37.70M → cumulative $13.56B
But inflows were much smaller than previous day.
Current prices remain at $BTC $86.49K, $ETH $2.76K, still close to recent highs of $87.40K and $2.81K.
The key point: ETF flows are slowing, but price has NOT broken down.
The question is no longer "Are ETFs buying?"
If ETF flows weaken, what demand is
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