🐋 WHALE WATCH : Realized Cap Change has recovered to around 0.98 after months in the low range. BTC is holding between $70K and $80K struggling to push higher. On-chain capital flows are improving. They are not strong enough yet to call this a capital expansion phase. The level to watch: does the indicator keep climbing and break out of the low range? If Realized Cap rises alongside price thats actual capital entering the network not just price action. One confirms the other. No reason to get excited yet. But after months of silence capital flows are moving again.