Just caught something interesting from BlackRock's digital assets head Robert Mitchnick - apparently 90% of Bitcoin ETF holders are actually accumulating on dips rather than panic selling. And here's the kicker, Mitchnick mentioned that institutional players are quietly buying too, which honestly tracks with what we've been seeing on chain. Yet somehow BTC is still hovering around 69.7K, which feels like this accumulation hasn't fully priced in yet. Makes you wonder if we're looking at a classic setup where smart money is loading up before the next move. Robert Mitchnick's observation suggests the real buyers aren't done yet.