Rounded top I think for me. The parabola doesn't look possible anymore, not when we've seen such long time in sideways trading close to the last (current) ATH and so far from the old ATH.
I don't think institutions are stupid enough to srl for short term profits. They might pull out their initial capital at some point when they've got 4x on it but until then, they're probably riding the crypto hype - and there'll be a lot of people buying that sort of news if it's put in a way thst a company invested $4M, pulled out their initial capital and still have $12M at play (because retail will want to do the same).
Institutions capture profits, but never liquidate entirely, if they're long term. Doesn't make sense to pull everything out because they're all about managing risk and taking advantage of booms.