Does anyone else think 2021 was a year where institutions were trying to buy as low as possible while OG whales were trying to sell as high as possible.

OG whales want to finally realise some gains as high as possible after holding for 10 long years and institutions want to finally buy in as low as possible. 2021 has essentially been a tug of war where whales were selling into institutional demand driving the price down, then institutions were buying into OG whale supply driving the price up in this epic tug of war range between $30k and $60k.

This prevented a blow off top from occurring while also preventing a 80% crash and bear market from occurring. So instead we just ranged sideways all year long.

A year long distribution for whales which was also simultaneously a year long accumulation for institutions.

Bitcoin now has a sizeable base of large institutional holders for the first time and 2022 can start off with a solid base ready to begin the institutional phase of this cycle.

The environment is set for corporate FOMO to begin.

submitted by /u/slvbtc
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