I totally agree. The other thing I didn't write is most of these institutional investors are kind of setting a floor as they enter at this range. These folks are very unlikely to sell at a loss so we could see this as a new level of support being built by institutional investors. I'm guessing we will find out soon enough 🤣 and can only speculate.

That is very true. Many of these institutions are likely long term thinkers. They will dump but only after a huge run up. They are not buying at $15K to sell at $20K.

They are after more than a 25% gain.