Bitcoin lingers near $79,100, suspended between two forces that have not yet found a common direction: institutional investors channeling hundreds of millions through ETFs, and retail traders who have quietly stepped back from the spot market. The resulting stillness — a week of 0.7% movement within a narrow band — is not apathy but a kind of market meditation, a pause in which the larger question of who truly drives price discovery in a maturing asset class remains unanswered. History suggests these standoffs resolve, but the resolution rarely announces itself in advance.