Group 1 - Institutional investors increased their Bitcoin reserves by over $500 million in the past 30 days, indicating a long-term investment perspective focused on Bitcoin's value storage properties [1] - The recent price drop to $90,700 highlights the ongoing supply and demand dynamics in the market [1] Group 2 - The increase in institutional holdings is a gradual process, typically executed through ETFs, block trades, or algorithmic investments, rather than causing immediate price spikes [1] - Despite institutional buying, short-term selling pressure can still lead to price declines, influenced by macroeconomic factors and internal cryptocurrency dynamics [4] Group 3 - Key short-term selling pressures include expectations of prolonged high interest rates from the Federal Reserve, a strong dollar, recession fears, and the initiation of repayments by the bankrupt Mt. Gox exchange, which could flood the market with Bitcoin [4] - The German government's reported sale of seized Bitcoin and increased selling from miners due to operational costs also contribute to the selling pressure [4] Group 4 - Market sentiment is affected by panic selling among retail investors when prices breach critical support levels, as well as profit-taking by those who have seen significant gains since the beginning of the year [5]