It is probable that this is the fase where institutions do their capital accumulation of bitcoin. And if that is the case then the incentive for them to buy to hodl is higher than the incentive to invest and sell at a higher price. That would probably result in less volatility to the downside.
Discussion
That’s why I wonder if we are going up before we expect and less down than usual. That’s exactly why.
Are institutions different from previous adoption? That’s the question. I think they are, it’s like you said earlier, probabilities…
It's very likely that the buying pressure will remain until a new price ceiling forms.