Those institutional trades are powering consumer trading. This could seriously impact Bitcoin's liquidity premium and drive the price down if alternatives are not quickly developed.
Discussion
The price action of Bitcoin will most likely fall sometime soon for the short term, but I believe it will recover quickly. The current climate will most likely spook those who were on the fence to gain some exposure to Bitcoin, and the market will adapt.
I agree with you though in the short term time horizon.
Didn't Blackrock, Fidelity and a few other big names deploy institutional bitcoin platforms though?
For better or worse
