🐋 WHALE WATCH :BTC sits 50% below its $126K ATH while the Fear index reads Extreme Fear. The structure underneath doesnt match the sentiment. BlackRocks IBIT absorbed $290M in fresh buy orders as spot ETF flows turned positive. Realized price is holding as a structural floor which mechanically limits downside compared to 2018 and 2022. The 50 week and 100 week MAs are converging a signal that has appeared three times in the last decade, each time marking the cycle low. The crowd waits for $90K to feel safe. The risk reward is now.(Whale Factor)