The signals on the charts tell an interesting story right now. Bitcoin hovering around $90K—retail traders have gone quiet, but something else is happening beneath the surface. Mid to large-sized spot buy orders keep appearing consistently. This pattern typically emerges when institutional players start positioning, especially as regulatory uncertainty eases in the U.S. market.

Here's the thing about institutional capital: it doesn't follow the hype cycle. These players don't rush in during euphoria—they move strategically when the fog clears. Improving regulatory clarity removes one major friction point, which is exactly when patient money starts building positions. No panic buying, no FOMO. Just calculated accumulation.