The question is, what happens when they stop buying? It's possible these big whales might at some point reach there limits or for some reasons they might stop buying and just decide to keep holding or maybe sell there bitcoin at the point. what's going to be the fate of Bitcoin in that instance?
Always apply the law of supply and demand. If there are fewer buyers then the demand will be lower and that will result in a lower price of Bitcoin. Although this is very unlikely that they'd stop buying because we're still here, the shrimps in the big ocean of this market will buy all of those cheap Bitcoins then. But with halving and ETFs, I don't think that the demand will be even lower this time because we're on the cycle and this is gonna be a bull run. And if they decide to sell Bitcoins, it's still the same thing, there will be more supplies in the economy that will result in cheaper BTCs too.
While with this kind of situation, maybe we'd get some view of it on the bear market but that's going to take time.
