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Institutions have not left the market; they are simply waiting. 📊 CME $BTC volume dropped to 2,326 contracts as the premium narrowed to $584. Traders are waiting for the August 19 White House meeting and August 26 PCE data before making a move. This consolidation looks like a buildup of strength, not exhaustion. Without macro hedging tools on CME, $ETH continues to lag behind $BTC.