Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?
Despite the fact that the institutions been likely to hold Bitcoin even when it dump market it is still possible for Bitcoin to drop below $5K again but it not something we should expect now or this year cause it will happen when it market correction season.
I hope the institution understand this characteristic about the BTC market.
I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?
Retail investors with some whales that choose to sell is sufficient to influence dump in price of the market.
What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?
The fundamental different is the current traffic the market gain now, the level of demand and supply.