😱47% drop - correction or early winter? Here’s the uncomfortable truth.

Yes, BTC is down hard. Yes, ETF outflows hit ~$1B days.

But total ETF holdings barely moved - down only ~6.6% since the top. That’s not panic selling.

💁What’s really happening:

• Leverage is being flushed - not long-term conviction

• Institutions are rebalancing risk, not abandoning crypto

• Development and adoption haven’t stalled

At the same time - let’s be real:

Calling this “strength” is premature. Outflows are still outflows, and macro is still tight.

❓Key question now: Do flows stabilize - or accelerate?

If they stabilize → likely late-cycle shakeout.

If they worsen → deeper drawdown ahead.

👉This isn’t blind hopium. It’s a stress test.
$BTC $XRP $SOL