Who else is there to sell bitcoin to?

[Shanz_YT_2016]

I was watching an analysis from a neutral finance person, who said that the crypto community created its own bull market recently. Due to regulations allowing BTC ETFs and institutional adoption, everyone who wanted to buy Bitcoin has bought. Everyone who wanted to sell has sold. So who else is there to sell Bitcoin to, to drive up the price?

Institional investors have it. So do soverign wealth funds. So do treasuries. Not really sure who else will buy BTC after this.

[aoluain]

This could apply to any price point in Bitcoins history, particularly at times when entering
a Bear market., regardless of the recent ETF's and institutional attention.

This could also apply to just about anything really!

Go to any exchange and you will see sell orders and buy orders, hell I even bought today
and price point pending will do so again tomorrow and possibly later in the week, and I'm
buying it from people who are still selling !

Institional investors have it. So do soverign wealth funds. So do treasuries. Not really sure who else will buy BTC after this.

ah but there are people who dont have enough, and there are/were people who thought they
needed to get rid of it...

[legiteum]

This could apply to any price point in Bitcoins history, particularly at times when entering
a Bear market., regardless of the recent ETF's and institutional attention.

This could also apply to just about anything really!

That's true, but in previous cycles you could definitely make the case that Bitcoin was much harder to buy for the average investor. Now Bitcoin is available to invest absolutely everywhere, and its legality questions are no longer a factor. You could say that today, Bitcoin occupies the same exact "shelf space" that every other investment occupies, and it's only a click away from everybody. That wasn't the case in previous cycles.

In other words, today, as opposed to in previous cycles, one can surmise that Bitcoin's market penetration among investors is close to 99% in terms of those who have the ability to invest, so it's unlikely that there will be more new individuals coming into the market.

It definitely is the case that more individual access gives Bitcoin the ability to reach levels its never reached since billions can now flow in to the market with a touch of a button. The price of Bitcoin, therefore, can go up faster than it's ever gone up, and its absolute ceiling is much higher now, but that too you can apply to just about anything .

[BitMaxz]

So who else is there to sell Bitcoin to, to drive up the price?

Are you looking for a reason why the price is declining? You're looking at someone else who is selling that, causing the price drop?

No one knows, but we have a dark pool, which is not private; only those whales and hidden institutions behind it are also able to sell on the market without disclosing their intention to the public.
Small retail traders couldn't have much impact on the market, so even if we have a Bitcoin ETF and show some signs of bullishness on the dark pool, they can go against it.
So if you are looking for someone who is selling, then maybe those came from the dark pool.