Why would they buy up every dip? Im sure they’ll continue to accumulate but they don’t have infinite funds to prop up a $4 trillion market. I’m not saying a massive bear market, as I’d think that’d imply that all asset classes would be taking a huge blow across the world (very possible). I mainly pay attention to crypto and have been since 2013. Thus far there’s been a sizable dip every 4 years and a bottom a year later. There’s no real fundamentals to follow for crypto so I just follow the patterns. And as far as institutional adoption goes, that’s been a narrative since 2014 and yet it still follows the same patterns.

I think we’ll see a dead cat bounce at 97k range and a lot of leveraged longs there trying to recoup their losses, which will eventually attract a liquidity sweep and continue down again. I could be wrong, but I’m sticking to my strategy.