I think institutions would like to see some support/stability before investing large sums of money. Crypto is currently seen as a way to diversify your portfolio. Further access to this diversification would be a good sign, but currently the price is susceptible to large chunks being sold off by various whales. These dips may also be whales testing the markets to find the supports.
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Good and valid points but it's been reported a few weeks back that big money has been using the OTC market to buy large sums of bitcoin. By doing OTC Trading big money or the insitution are able to keep the price of bitcoin down so that they can keep hedging their positions. It's these market manipulation tactics that really grinds my gears.
