Too Long; Didn't Read
Small investors want to hang on till a crypto 20 x or 100x. Whales are happy to take 2x or 5x and dump. The small-time retail investor gets cold-feet, panic sells, and then the whales buy more and the hunt starts again. The whales have changed. Ironic t-shirts have been replaced with slate gray suits of traditional (institutional investors). There is no way I'm gonna attribute this 14 mo bull run to institutional investors (as so many articles do) and ignore the role of the massive influx of new retail investors.