@fdsfsdasdaw
In August, combined spot ETF trading volume hit new highs, raising the risk of “volume without price expansion.” When large inflows fail to move price higher, divergence emerges. Weekly On-Balance Volume (OBV) versus net fund inflows can measure this mismatch. If OBV lags despite inflows, it signals heavy distribution by larger holders absorbing demand. Such conditions often precede consolidation phases or false breakouts. Monitoring OBV divergences thus helps identify whether ETF enthusiasm fuels sustainable rallies or transient liquidity churn.