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RE: "There really is Zero large scale institutional money from the West in crypto right now"
This was similar to what Mike Novogratz was saying a few months before Crypto went parabolic during the fall. He was saying "the heard is coming" and he was right. We only had a taste of Institutional buying Q4 of 2017. The big money is coming and they buy it low like right after a 70% crash. Probably $1-$2 trillion of Crypto by end of this year. Smart big money buys now.
To be honest I would bet that a lot of that was retail, though I am sure institutional money played a big part in manipulating prices up towards that $20k number as well. They are likely suppressing prices right now as much as they can in order to get some exposure before the next move up.
Agree 100%. However the worry is “ the pattern is no more a pattern until a lot of the public knew it “ lol
I think now they are waiting to see how much of a contraction the market will have....Novagratz is gone now, we don't here from him...he made is speech and got what he wanted, and cancelled is upcoming crypto fund....