The London Stock Exchange trades a five-times leveraged MAG7 ETF. The white line in the top panel shows its price. The red annotation indicates that it has collapsed by 86% (!) since its peak on December 18, 2024—a complete wipeout. The bottom panel shows fund flows. Green bars show ETF creations (new money coming in), and the red bars show ETF redemptions (money leaving). I see a lot of green ETF creations (new money coming in) into a collapsing price, including over the last three days. Is this how markets bottom?