Noticed something interesting in the recent market moves - seems like institutional money isn't really panicking through Bitcoin's latest drawdown. CoinShares has been tracking this, and the data suggests the big players are staying pretty calm despite the volatility we've been seeing. Makes sense given how much infrastructure has matured around institutional participation these days. Could mean this particular drawdown cycle plays out differently than we've seen before, or maybe these institutions are just better positioned to weather the swings now. Curious to see if this holds up or if we get more capitulation before things settle.