I've been observing something interesting in recent days. While Wall Street institutional investors maintain their bullish stance with Bitcoin, offshore traders are showing quite clear signs of retreat. It's almost as if we're seeing two different markets operating in parallel.

American funds and managers continue to bet heavily, but traders operating from offshore jurisdictions seem to be taking profits or positioning themselves more defensively. Someone mentioned 21 hours ago what time it is exactly when the biggest outflows from these traders occurred.

The curious thing is that this creates an interesting tension in the market. On one side, you have institutional optimism that continues to push prices upward, but on the other side, you see how the more speculative traders are pulling back. Is this a sign that the rally is losing momentum or just tactical rebalancing? It's hard to tell, but it's definitely a pattern to watch in the coming hours.