This week's spot ETF performance was impressive, with net capital inflows approaching $2 billion, reaching a new high since October last year. Interestingly, while the Bitcoin price is falling, institutional funds are actually accelerating their inflows. What does this divergence between price and capital indicate? It's quite simple—long-term investors do not care about short-term fluctuations. Their focus is on a longer time horizon, emphasizing asset allocation returns over multiple years. When retail investors are driven to panic sell by fear, smart money is quietly accumulating. Historical experience tells us that this transfer of chips from retail to institutions often signals the market is about to bottom out. However, this is contingent on the macro environment not worsening further.