The $BTC ETF maximalist is currently staring at a chart, convinced that institutional inflows are a magical faucet that never runs dry.

They treat consolidation like a religious experience, ignoring that liquidity is a two-way street. Watch the net flow data instead of the price action. If inflows stall, that 'base' becomes a trap for $PAXG refugees looking for a safer harbor.

$BTC #CryptoMacro #MarketDynamics #Liquidity