Quote from: cryptoaddictchie on Today at 08:40:05 AM

Quote from: ourkid on Today at 08:28:11 AM

I personally don't agree as to why it couldn't drop below institutional entry price; there is enough BTC outside their holdings to move the price if it is going to be moved? These institutions may not sell in panic, but they may just hold through the dip; which means they will be inactive and therefore un-involved in price movements.

Im sure when it's say institutional, their holdings are technically bulk coins of bitcoin. If market is consist of traders and whales they can be considered too as huge holder, and probably some of them have locked their asset through some firms. That's my personal opinion. We can't simply turn down bitcoin to 3k cause we wanted it to dump. It will take longer to do that, and many will be surely buying it again. But that is not gonna happened for a while now.

Sure,

What I'm suggesting is not that it'll drop in 1 week, but if we look at trend of 2018, we saw a huge jump % wise, before a slower retracement that took 4 months to reach 25% of the then ATH.

What is structurally different about the market now, is that "institutional investors" are now bought into BTC, but as a proportion are they collectively able to game the price to stop it dropping if all other retail investors sell?

Is there not an incentive for the same institutional investors who maybe bought @ $30k then sold at $40k and now want the price to drop in order to buy back in?

In essence, there are no facts nor figures about how influential or not the institutional investors are at this stage, and actually if we compare to threads back in Jan 2018, similar things were being said but about a different number. Then it was "I can't see it dropping below $7k - the support is there, we're on our way to $10k" and beyond (which yes did eventually happen), but there was a retracement before this happened.