Data check: roughly three-quarters of large positions ($100K+) haven't budged despite five weeks of price action in the sub-$100K zone.

Here's what that tells you—this isn't a retail-driven dump. Institutional capital is doing the heavy lifting this cycle. When big money stays put, it's usually a signal the floor's already been tested.

Long-term accumulation phase likely underway. The consolidation we're seeing now? That's patience at work. Position yourself accordingly.