I think OP is right. Volatility is becoming lesser as the institutions are coming for the meantime. But that's just temporary, we'll never know if these institutions will come at once and gonna start to dump altogether.

But the longer that we're watching bitcoin's market, the stronger that it gets from time to time. I'm now looking forward to the future, maybe after 3 years which is going to be the next halving and a year after that, we might see the same surge in bitcoin's price.