Spot $ETH ETFs just absorbed $73M yesterday — biggest single-day inflow in 44 days.

Institutions are quietly stacking. While retail chases memecoins and debates narratives, the suits are doing what they always do: accumulate when nobody's paying attention.

This isn't random. ETF flows are a trailing indicator of institutional conviction. When you see sustained buying after a pullback, it means someone with deep pockets thinks we're closer to the bottom than the top.

Context matters here:
1. We're 44 days past the last comparable buy — that's 6+ weeks of lighter flows
2. This size of entry suggests re-allocation, not just passive inflows
3. Institutions don't chase pumps; they build positions during consolidation

The macro setup supports this. Fed pivot expectations are firming up, liquidity conditions are improving, and $ETH has been range-bound long enough to shake out weak hands. Classic accumulation phase.

Watch the next 2-3 weeks. If ETF inflows stay elevated above $30-40M daily, it confirms the trend. If it's a one-off, we're still in chop mode.

Either way, when institutions load this heavy in one day, they're not planning to flip it next week.