Harvard’s endowment fund has reportedly fully exited its ETH position worth $86.8M in Q1. A move like this instantly sends a signal across the market, not just about ETH, but about risk appetite from large institutional players. In the short term, this could: - Add selling pressure on ETH - Increase volatility across altcoins - Trigger liquidity rotation as capital adjusts positioning Because when large, “smart money” exits, the market doesn’t ignore it - it reacts. But the bigger picture is more complex. Long-term impact will depend on: - ETF inflows and institutional demand - on-chain liquidity conditions - overall market sentiment and risk appetite In other words: One exit does not define the trend, but it does change the psychology. If new capital continues flowing through ETFs and on-chain channels, the market can absorb even large distributions like this. But if inflows slow down…this kind of institutional exit can become the trigger for a wider risk-off phase. For now, the key focus remains: - ETF flow tracking - trading volume strength - large on-chain transfers and whale activity Because in this market, liquidity is everything. $BTC $ETH