COuld it be possible that they are responsbile for the dump and bought it again at the bottom? I mean, they hold a lot of BTC already and it is not far fetched that they could have unloaded some to get some profit. What do you think? There should be some evidence of this in their books if this happened.
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Honestly I think the selling in BTC is related to the selling in tech stocks. The same large institutions that hold bitcoin also hold tech stocks and there has been a major rotation out of tech stocks and into energy, financials, and re-opening plays due to rising yields. I think bitcoin just got caught up in the selling of those.