So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
Topic: Have you noticed that recently Bitcoin went up without big news? - page 2. (Read 278 times)
February 21, 2021, 04:25:19 PM
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
February 21, 2021, 03:31:55 PM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
The reason is institutional investors, the recent news is that a Dubai based businessman pledged $4.8 billion worth of BTCitcoin to set up a project in the US and may be that is the reason. There are big investments in the market and big companies are investing left and right and we are not even seeing any corrections with all these rallies which is crazy, who knows how big it will go in this rally. So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
February 21, 2021, 03:14:08 PM
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
There were threads about institutional investors buying for months more than the miners produce, day after day. Did anything change? I doubt it.
And it's not that much quietly either, it was in the news. For example Grayscale is back on buying, and they do their job steadily.
Did retailers join in? Probably. Some do come only when the trend is favorable, no matter how high is the price.
February 21, 2021, 02:35:32 PM
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
A question that no one can really answer it out because not all the times we can hear up news for us to point out that their the ones responsible for such increase in price.This market can really move without any news that circling around and who knows on whose buying behind? neither of those institutional investors or retailers and similar.
This thing do makes even more harder if you do really talk about price action because you wouldn't know on whats coming.
February 21, 2021, 12:53:40 PM
I think that at the moment small investors, some traders and a great possibility that it is the institutions may be buying, because this is done by the emotions generated by the market.
In some newscasts they have described the rise of Bitcoin and some technology enthusiasts do not hesitate to buy at this time, also because many want to be part of history, without a doubt new ATH we have been living in this 2021.
In some newscasts they have described the rise of Bitcoin and some technology enthusiasts do not hesitate to buy at this time, also because many want to be part of history, without a doubt new ATH we have been living in this 2021.
February 21, 2021, 12:42:42 PM
It's not a secret that majority of the price action happened when there were big news about institutional buys - PayPal, Microstrategy, Tesla, adoption by Visa and so on. But recently Bitcoin has been going up without any such things. The Tesla-induced pump ended at around $48,000 and now we're almost $10,000 higher than that.
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
So, who is buying? Are institutional investors grabbing it quietly? Or is it retailers joining the bull run?
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