Zowie! I guess if you have "Institutional Investors" and the HODL'ing gets "tough" they take their profits and leave the table ....got to justify
them bonuses don't ya know?
Hell, at this rate the big money and profit-taking by institutional investors could make BTC volatility much worse!
I'm pretty sure it's the opposite. Grayscale is buying thousands of coins a day. The institutions behind those inflows obviously aren't selling into this dip. In fact, they
can't since there is a 6 month lockup period for new GBTC shares.
It's weak handed retail investors who are dumping. I was hoping for a sub-$30K dip to shake them out because now they will act as fuel for the next leg up, chasing the market to get their coins back. Once the market pushes above $42K, things will get crazy again very fast.