Sadness. Weak hands don’t get the game. Although, it could also simply suggest that individuals were so strongly frontrunning the businesses and hedge funds etc, that they were able to offload and strengthen their life’s foundation while institutions are only now starting to catch up. In other words, businesses, hedge funds, and govts have to buy from someone. And individuals have the largest slice of the pie so they are the largest pool of potential liquidity regardless. View quoted note →