I totally agree. The other thing I didn't write is most of these institutional investors are kind of setting a floor as they enter at this range. These folks are very unlikely to sell at a loss so we could see this as a new level of support being built by institutional investors. I'm guessing we will find out soon enough 🤣 and can only speculate.
That is very true. Many of these institutions are likely long term thinkers. They will dump but only after a huge run up. They are not buying at $15K to sell at $20K.
They are after more than a 25% gain.
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Institutions will HODL for years. They need to deliver steady dividends. I don't expect any dump for a long time. PayPal is buying and storing in the cold wallets.
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