Long-time on-chain watchers Are ETF/institutional inflows/outflows showing different signatures than classic pre-ETF whale rugs?

If you've been seriously following whale wallets, exchange flows, and cycle tops/bottoms for 5-6+ years: Is what we're seeing from institutional/ETF whales essentially the same distribution tactics as pre-ETF eras activation then inflows then shakeout. just executed on longer timeframes with more capital? Or has the involvement of regulated giants truly altered the mechanics like less manipulation possible, more stable accumulation windows, etc....?

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