Institutional buyers are not backing down. More Pump?

[bbc.reporter]

I speculate another one of bitcoin’s largest pumps is coming. Considering Jaime Dimon’s public remarks on bitcoin and this contradiction in his actions, it appears that he had JPMorgan spend its internal resources to know what their clients want. The decision was not done without clear planning.

You seem to have changed your mind, because for months you have been saying that we have to prepare for the worst

Besides, when Jaime Dimon is mentioned so much in a negative context these days, don't you and others know that he had a negative opinion about Bitcoin for only a few months - and that he publicly apologized for saying that Bitcoin is a fraud.

I don't see how you connect this news with the new pump - because JPM has been extremely bullish around BTC for a very long time - JPMorgan says bitcoin could rise to $146,000 long term as it competes with gold.

Offering a service to customers is one thing, and it is quite another whether customers will use it - everyone who has listened to their advice has had enough time and ways to already invest in Bitcoin.

What I was telling all the larpers was to be realists and be prepapred because we do not know when the bears might begin to pounce. However, I was also telling everyone to also be be realists and always use logic when much of the forum was beginning to be bearish during the dump.

https://bitcointalk.org/index.php?topic=5332856.0

[hd49728]

If there's a massive dip, good opportunity happens for people who still wanted to buy at cheaper price but not that significant because right now it's impossible to have btc at below $35k. Lately price saturates at below $40k and only stayed at above $37k while green signals was potentially creating strong influence towards different interested buyers.

Massive dips in May and June are great times for long term hodlers to accumulate but at the same time, amateur investors or traders were fearful. If you think that the bull market has yet topped up, and believe it will continue with new all time highs, why did you reject opportunities to buy cheap Bitcoin with dips?

Willy Woo revealed that fact of accumulations from HODLERs. Source

Just a matter of patience and time before $42k breaks.

Strong HODLers, the Rick Astleys of this world, have been taking this opportunity to scoop large amounts of coinage while we're under the resistance ceiling.

[zanezane]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

It's just that the current institutional buyers right now aren't pouring in a lot of money in the market so we don't feel their presence too much which is a good thing because the fear index is going to go up when the prices all of a sudden spiked. Plus, more people are now patient enough to not easily sell their bitcoins if there's a small increase.

[fillippone]

Also Glassnode is telling us that whales are accumulating:


https://twitter.com/glassnode/status/1423466066655682562?s=20

I reckon this metric could be a little bit dubious, but of course, everyone has his own agenda and all analysis must be taken into account with a pinch of salt!

[Hippocrypto]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

It's just that the current institutional buyers right now aren't pouring in a lot of money in the market so we don't feel their presence too much which is a good thing because the fear index is going to go up when the prices all of a sudden spiked. Plus, more people are now patient enough to not easily sell their bitcoins if there's a small increase.

Technically every person is learning not just by taking their profit too quick, but they're thinking a lot deeper. Their failures became an inspiration for them to pursue every future plans, because selling bitcoins at an early stage was only for losers. When price will spike, don't be panic, just be prepared in case there's a possible unexpected bullrun which whales also played an important role.