I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this.
Institutional investors have strong hands. Get used to it.
Strong hands yes, and why do they have strong hands, because they are after wealth preservation. They are not looking at Bitcoin as a way to make capital gains. They are using it to preserve the wealth they have already achieved over the last several decades.
They'll only "take profit" when the legacy system has once become stable enough for them to go about normal business. This will take a while with the full blown MMT that is coming down the line. Monetary and fiscal stimulus to the moon, along with those looking to preserve their wealth.