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Favorable Trader
ETF FLOWS ARE COOLING. PRICE STILL HOLDS.
On Sept. 22, spot ETF flows remained positive:
$BTC +$104.54M → $56.26B cumulative
$ETH +$37.70M → $13.56B cumulative
But inflows slowed sharply from the previous session.
Prices remain near recent highs: $BTC at $86.49K and $ETH at $2.76K, just below $87.40K and $2.81K.
That’s the key:
ETF buying is slowing, but price structure hasn’t broken.
So what demand is absorbing supply?
If ETFs aren’t the main engine, who is keeping $BTC and $ETH this high?
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