Large scale institutions are doing all in their power to accumulate as much as possible at their lowest prices. But we will find out how things play out. People have been predicting bitcoin to hit $100K+ by the eoy and with 3.5 months left, we're nowhere close. Though I felt the same way, sometime like maybe its a pipe dream.. but a lot of people still believe this, and one thing that I think I saw for certain the other day.. That Walmart fake news for example.. The price within 10 minutes went from like 44k to like 47k .. I don't think that was small investors who drove price up that fast, I think that was institutional money buying the fake news..
The condition of bitcoin that most people talk about this year, from the beginning of the year until now, market events greatly affected bitcoin and the occurrence of a massive correction also greatly affected all coins without exception, in the middle of this year bitcoin provided the best opportunity for people to invest, three months what remains I think bitcoin will reach $100K, if you look at the condition of bitcoin at the beginning of the year and its journey in this year, for small investors they just rely on problems without considering what big investors will do, when big investors start their activities in bitcoin, then the market as a whole will very big impact.