Trader-led rally? 📈 Crypto is pushing higher, but the underlying structure looks less robust.= • Binance captures 78% of exchange inflows • ETF demand is cooling • Participation is narrowing That’s typically what a trader-driven regime looks like: strong speculative demand, weaker broad-based conviction. Bullish in the short term? Possibly. Fragile beneath the surface? Absolutely. Full breakdown 👇 https://youtu.be/Nl_74ZyjF9s(Maartunn)