It's interesting to observe how Bitcoin ETFs continue to hold their positions despite falling prices. On the surface, it appears to be resilience, but if you look deeper, it's a completely different picture. It's clear that behind this stability is the work of market makers and major players who support liquidity and trading volumes. They act as market makers in the market—ensuring stability—but that doesn't mean the fundamental situation is as strong as it seems at first glance. It turns out that although ETFs are holding, the actual capital flows tell a completely different story. Paying attention to these discrepancies is worth it—they often precede more serious market movements.