Real Vision CEO Raoul Pal believes that the recent fluctuations in Bitcoin prices are due to institutional sales to help support their year-end profits.

Perennial Bitcoin (BTC) bull market tells Vlad (Vlad) Starkburg In an interview on December 27, he believed that due to institutional influence, the market is currently in an unbalanced state. Pal said they have been selling to lock in profits. This is a way for organizations to say “I believe in getting paid.”

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considering Most of the sales According to Glassnode, last December came from wallets that accumulated bitcoins around the summer, and Institutional assets under management According to data from Coinshares, cryptocurrency (AUM) surged in May and October, and the timing of the sell-off does indicate that institutions are unloading some bags.

“The question now is,’Are they finished?'” Pal asked.

“It looks like they are done, because the market has been turbulent in the past week. This is the last week of tradition for everyone to flatten their books.”

Although he predicted that Asia may sell further, Pal expects the crypto market to have a strong start in 2022 with the redeployment of institutional capital.

Pal believes that by 2022, institutional investors will become more and more optimistic about cryptocurrencies as they begin to better understand the increasing popularity of the technology, “so what does this mean for market value at the end of the decade”.

related: Analysts say that 2022 will be “defined by agility and cost efficiency” rather than “blockchain purity”

Noelle Acheson of Genesis Trading shared Pal’s insights on institutions entering 2022 that are optimistic about cryptocurrencies.She discussed institutional trends in 2021 and pointed out some potential bright spots in 2022 on CNBC Squeak box today.

“Institutional growth over the past 12 months has been surprising, and we are seeing strong signs that through direct investment and investment in the crypto market infrastructure company itself, this growth will accelerate in the next year.”

At the time of writing, Bitcoin is currently down about 3.5% in the past 24 hours and is trading at $47,954.