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RE: On Capitulation and Bitcoin's Bloody Black Friday Weekend
BTC almost back above 4k now. What is interesting to me is just how many retail holders from the market peak are still remaining in the market at present. I would guess not many, it is clear over the past few months that there are some serious players in the market that are driving price action, for all the talk of institutions I feel they are already involved in the market.
Lots of institutional investors have dipped their toe in. But i don’t think they’ve really come in full freight. And why would they when we’ve been dead cat bouncing since January? They are building their teams, testing strategies, asking questions, doing all the right things to lay in wait. They don’t need to rush, so they don’t.
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