Institutions know a discount when they see one, even during geopolitical chaos.

Recent conflict headlines dropped on Saturday, when every traditional market was closed.
The only macro asset available to trade was BTC, so retail panicked while institutions scooped the dip.
→ BTC dropped to $63K on Feb 26, ETF inflows hit $500M the same day
→ Recovered to $68K within 48 hours
→ ETF inflows hit $458M again on Mar 2
Institutions play long-term.
They see these dips as entry points.
The Fear & Greed Index hit 5. Historically, BTC sells off hard during geopolitical tensions + bad sentiment.
ETF data during events like these tells you exactly what smart money is doing.