some peeps simply don't have time for a 20 year long bear market.
besides, 260/850 or more properly 260/650 (because gold was above $650 flat top only on an extreme spike that lasted only about 7 days) is JUST 69.5 or 60% correction (with at least two bear rallies to ~77% of the flat peak, an equivalent of about 53K in btc). Super long bear with multiple 2X rallies is preferable to 80% down in just half a year (well, we only went -70% so far, to be more precise).

institutional involvement did not pan out as a value stabilizer; this, at least is clear.