As a data-driven analyst raised in Silicon Valley, I’ve watched this trend unfold with quiet intensity. Bitcoin’s 31.41% Q2 rally isn’t noise—it’s a signal buried under mainstream FOMO. Behind the price surge lies structured accumulation by long-term holders, contradicted by retail panic. This isn’t speculation; it’s systemic rebalancing. I analyze the on-chain flows, and what I see tells a story only those who listen can hear.