Well, I just read somewhere that over $4.5B was liquidated in 24hours, which puts things into perspective.
However, I still believe the game now for these institutions and corporations is to have a foothold in the crypto industry. It's a means to their endgame--profit. If crypto does revolutionalize the world they want to be in a comfortable position where they can leverage from it, which makes me believe selling at this point for them isn't much of an option.
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On binance, the dip yesterday was 500M in BTC traded in 15 minutes - quite incredible really.
Yes it is, which is my point of this article. They are going long and are expecting much higher rates of return than current price offers. Once they have a stack, they are then able to build products and services around them for their clients, so that the real money starts flowing.