Crypto people around me are planning to sell. Some are already offloading, particularly those for whom it's their 3rd cycle. It's not just my environment: the retail vs large investor holdings chart shows that retail is selling to whales/institutions. Btw, similar picture applies for ETH and BTC. My worry: Will the buying power of institutions, DATs, and other whales offset the selling by the retail crowd? Or will they run out of steam? Ideally, it's a multiyear process and a steady price increase will shake out weaker hands gradually. The most entertaining outcome would be crypto pumping even after the majority of retail sells, leading to further pump. Then, retail could panic-buy at even higher prices. This is really a generational rotation. Will institutions run out of money before retail cashes out is a question to be answered soon.(Ignas | DeFi)