I agree and institutional money isn't in this for the long run or to appreciate Bitcoin as a currency.

They have their profit and loss taking levels like any decent trader. That's why I like Fibonacci as it allows me to predict profit taking levels of those institutions.

We have to bear in mind that +90% of all trading is automated. Market balancers, support/resistance levels and trading bots. Those bots will always buy or sell when their parameters trigger and FIB is one of the major ones institutional is using. They almost "have to" stick to those levels.

But, one day I will get my #supplyshock tag. Rather sooner than later.. been waiting for it for some time :)