🐋 WHALE WATCH : 2024 500000 BTC in ETF inflows everyone calling for $200k. 2026 YTD: 120000 BTC in cumulative outflows same crowd calling the ETF experiment dead. Thats institutional liquidity working as designed. They exit when macro tightens and dump into retail hype on the way out. Look at the chart. Price has been chopping in the low $60ks through billions in redemptions. The February freeze and June capitulation flushed the tourist capital. 120000 BTC in outflows didnt drag us back to cycle lows. The structural bottom is higher than the bears think. Weak hands left the wrapper. Smart money is rebuilding quietly.(Whale Factor)