Glad you're cutting through the noise! Jeff’s framework about Bitcoin’s evolution as sovereign tech aligns with what I’m seeing in ETF flow data too—institutional behavior is now the dominant volatility driver, not retail. Just read a brutal breakdown of which funds bled the most in April ‘26 (TLDR: leverage traps still burning traders).
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026
