There're some news El Salvador's bought another dip on $48K, some institutional might bought the dip too... we just don't know as long as they didn't made any announcement. Yet even they announce it, we still don't know how reliable his claim until he sign a messages.
If you think you need to buy Bitcoin when an institutional bought it, I don't think that's good... probably you already missed the dip.
More whales bought dips like Micro Strategy and Saylor. El Salvador is just a new whale that joined the market recent months. Institutional money are smart money but their power and capital don't reflect instantly on price. At least they can help to calm down market participants and help them to be less fearful.If you think you need to buy Bitcoin when an institutional bought it, I don't think that's good... probably you already missed the dip.
However, it can take months for their investment to show on price. Like in 2020, we saw capitulation and long accumulation but suddenly Bitcoin broke $20k very fastly and after that, the rest is history with new all time high to about $60k.
The latest rise to $69k is unsustainable because lack of volume. We will have a more sustainable and bigger growth when volume comes. Retail investors did not join much in the latest peak around $69k. It is not a signal of mania phase and I believe we will see it in 2020. In first or second quarter
