That's pretty much how things are now. There weren't a lot of institutional investors before, and with all the updates on regulations, the market behavior has really changed. If you look at it, there haven't been as many pump-and-dump situations over the past year compared to the earlier stages, maybe until 2022. The market’s slowly acting more like a normal investment assets, and that’s a good sign- it shows more people are getting involved.

Not sure if this website, https://99bitcoins.com/bitcoin-obituaries/, is relevant to everyone, but if it is, you’ll notice that Bitcoin has "died" way fewer times in recent years compared to before.