Well, I just read somewhere that over $4.5B was liquidated in 24hours, which puts things into perspective.

On binance, the dip yesterday was 500M in BTC traded in 15 minutes - quite incredible really.

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.

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.