Wall Street is Backing Out of Crypto
We wish! It would be nice if Wall Street would sell Bitcoin now and buy back when price will be $100k. But reality is opposite., They are buying now. And they are buying big.
They're probably into crypto for all we know maybe around the 2016-2017 bull run's. And during this bearish trend, they repeated the cycle, accumulating and just waiting for the bears to get exhausted again. So I don't think that they are backing out of crypto, but quietly buying cheap coins at the sideline and just maybe buying in bulk order. Those Wall Street guys are very wise and wouldn't let us know what they're doing from behind but we can smell them what they really up to in this market.