Sometimes, I think about it, and I feel like Institutional investors are very unnecessary on Bitcoin.

Bitcoin was innitiatially made for the people, but somewhere along the way, institutions decided it was built for them.
When BlackRock launched its Bitcoin ETF in January 2024, it crossed $50 billion in assets faster than any ETF in history.
MicroStrategy, now rebranded as Strategy, holds over 580,000 BTC. Fidelity, ARK Invest, and Grayscale between them control hundreds of billions in Bitcoin exposure.
This sounds like validation and real adoption or a trust builder for retail but, in practice, it has changed how Bitcoin behaves.
Bitcoin used to move on its own logic, community sentiment, halving cycles, adoption news, but guess what;
Now it moves with the Nasdaq. When Kevin Warsh hints at interest rate changes, Bitcoin drops. When US jobs data comes in hot, Bitcoin drops.
The most absurd part is that when these institutions need liquidity for other investments, they sell Bitcoin first because it is the most liquid asset they hold.
As a result, retail traders are now trading an asset whose price is largely determined by people who also own S&P 500 funds, treasury bonds, and real estate portfolios.
BlackRock's ETF alone holds over 800K BTC which is almost 3.5% of the total Bitcoin supply.
For such big holders, when they sell , they tend to create fear on retail investors, which leads to more selling pressure.
Lately, BlackRock has been selling thousands of bitcoin weekly, and Bitcoin has been dumping as a result.
The ponzification of Bitcoin!