You know what's wild about today's market movement? ETH ETFs are still seeing inflows despite the 4.79% drop. Institutional money doesn't flinch at short-term volatility the way retail does.

Been tracking the options flow and there's something really interesting happening. Put buying is almost non-existent while call buying 60-90 days out is accelerating. That tells me sophisticated money sees this as a buying opportunity, not a reversal signal.

The real story isn't the price dropping below psychological levels. It's that we're seeing genuine institutional adoption continue regardless of daily fluctuations. When pension funds and sovereign wealth funds start treating crypto like any other asset class, these 5% moves become background noise.

This feels like the market maturing in real time.