Quote from: Torque on Today at 03:46:44 PM

Quote from: Freeveto on Today at 03:03:17 PM

Over 200K BTC now stored in Bitcoin ETFs and other institutional products

https://cointelegraph.com/news/over-200k-btc-now-stored-in-bitcoin-etfs-and-other-institutional-products/amp

And think this suggest in my opinion why Bitcoin is not gonna go to the lows It went to in the previous bear market ,
because currently there's enough institutional money in BTC that is holding the market up right now.

I knew from the moment that big league insiders like Michael Saylor and Elon Musk started buying billions worth of btc, and all the Bitcoin ETFs got approved by the SEC, that institutional buyers were already buying billions worth. All of this buying activity started when bitcoin hit ~$25-30K/btc. The insiders will defend and support that price range, they don't want to lose major amounts of money on paper.

FWIW, that was my thinking when I got trapped in a leveraged position, where I could not survive a drop far below MicroStrategy’s DCA (then around $31.5k; I don’t know if that’s changed).

That was also my thinking during the mini bull run late March/early April: Big investors really need for the number to be up. (Eight consecutive green daily candlesticks—followed by nine consecutive red weekly candlesticks: I now suspect that it was a bull trap designed to let Blackrock/Citadel start building huge short positions—carefully timed about a month before the big Fed meeting, as part of a larger strategy to trash Bitcoin, shatter Terra, and melt down the “crypto” markets generally. This is an hypothesis, a speculative hunch, not a known fact!)

I still think so. I am now balancing that with more attention to parties with opposite motives.

By the way, it is not only simple paper losses for large BTC positions. E.g., MSTR stock is effectually tied to BTC price.

Quote from: death_wish on June 01, 2022, 05:32:57 PM

Much of my own speculation these past few months has been about rich people who lose money in other ways when BTC is too low. There are now stocks, funds, etc. that crash when BTC crashes. The market is now complicated, with many moving parts.