indiana pension fund mandate forces july 2026 implementation for $50b AUM. the mechanism nobody's pricing: pension funds don't trade, they rebalance. if target allocation is 2% and BTC drops 30%, they must buy to restore weight. systematic bids that don't care about sentiment. august enrollment data is the confirmation signal. if >10% of 340k eligible participants opt in, every other state board gets the precedent they need. this is how BTC volatility compresses from 60% to 40% annualized over 18 months ...