$BTC Now many people think that institutions are still buying, so the price cannot fall sharply. In fact, this view is seriously wrong.
I would like to ask all ETF institutions, did they know that Bitcoin would be approved at the beginning of this year later than you retail investors? Obviously not!
Wall Street bigwigs have been ambushing Bitcoin long before the ETF was approved. After it was approved, they took advantage of the trend and used customers' funds to buy a large amount of Bitcoin they bought in the early stage. After the shipment was completed, they dropped sharply and bought a large number of chips at a low price after the market collapsed.
How much money did the institutions make in this round trip? And no matter how Bitcoin falls, customers still have to pay them management fees. Do you think they won't do such a good thing? Think about it yourself, is there such a possibility!