Investor capitulation signal: Gerber Kawasaki pulling out of $BTC citing fraud/counterparty risk saturation. Classic late-cycle sentiment flip from institutional players who bought the narrative. When allocators start citing "too many crooks" instead of positioning/valuation concerns, it's either a bottom signal or confirmation of structural breakdown. Watch for contagion to other crypto-exposed funds and whether this marks peak regulatory/reputational risk pricing. If this is real exit (not positioning talk), expect selling pressure from similar vintage institutional holders who lack conviction at current levels.