In the past 24h, 260K $ETH (~$1.1B) moved into whale wallets as price tested $4.2K. BitMine now holds 1.7M ETH (~$8B), and ETFs funneled in $1.4B last week. That’s structural demand. Rotation from $BTC into $ETH feels intentional, almost like capital is bracing for a narrative flip. Retail still doubts while institutions quietly size up. Every cycle, that gap becomes the setup.