Not a sudden wave of orange-pilled normies, for sure 😃. Orange-pilled billionaire entities - yes. Well, some trully orange-pilled, some just speculating (a.k.a. investing). But for simplicity sake, let's call the new speculative funds coming into bitcoin as orange-pilled, too.
The thing with this billionaires' money is that it is not the billionaire himself taping on a Binance app in an iPhone. It is an outcome of a number of meetings and approvals and finally a contract with wallstreet consultants to do the purchase. And those consultants do purchases in batches, and even across different firms use similar algorithms for buy decision making. So on behalf of their customers these wallstreet wolfs are the ones manipulating the price and creating all these spikes and drops.
So the end result is that volatility is a result of these collectivist intentional manipulations. But the overall trend not even they can change.
I think.