Just noticed Bitcoin pulled through $74K today with ETF inflows still running strong. Wednesday saw another $155 million flow in, keeping that two-week streak alive at around $1.47 billion total. Pretty solid institutional demand after things were pretty quiet earlier. The thing that caught my eye though is what's happening under the hood. Glassnode's data shows only 57% of Bitcoin supply is actually in profit right now, which historically shows up before deeper pullbacks. Buy pressure seems to be weakening too. That said, the ETF pull-ins suggest institutions are treating this differently now - less like a risky asset, more like a geopolitical hedge. 24/7 trading, borderless movement. Makes sense given everything happening globally. So we've got conflicting signals here. Strong institutional pull into the market, but on-chain metrics looking fragile. Probably worth watching how this plays out over the next few weeks.