#XRPETFs Does history repeat itself? In 2025, capital movements on Bitcoin platforms strangely evoke the turmoil of 2023. The numbers speak: net outflows reach unprecedented levels in two years, while exchange reserves plummet to historical lows. But behind these statistics lies an invisible duel: whales accumulate, small holders capitulate. A scenario reminiscent of the beginnings of a bull cycle, where strategy and psychology clash.