Every bear market, someone always says a classic phrase:

"It drops so much and you're going to bottom fish? Institutions aren't running a charity."
This sounds like it makes sense, but the problem is, by the end of each bear market cycle, the market often really does crash hard. BTC experienced massive declines during both the 2018 and 2022 bear markets, and a ton of altcoins eventually collapsed to near-zero.

If you actually follow that logic, you hit an unexplainable problem:
If institutions aren't running a charity, then why does the market end up crashing so badly anyway?

Actually, the logic behind this statement is often flawed. The real point isn't whether institutions are running a charity at all. Rather, some people subconsciously hope that institutions will keep propping up prices and not let the market fall too much. That way their positions won't look too ugly in losses.

It's worth noting that some people say institutions won't run a charity, but their real inner thoughts are actually the opposite:
They actually hope institutions have unlimited ammunition to support prices every time they drop.

But markets have never worked that way. When a real bear market hits, whether it's BTC or a bunch of altcoins, prices fall as they must, and many projects even go straight to zero.

So the issue was never whether institutions are running a charity.
It's that some people are afraid of losing money, so they use this phrase to give themselves psychological comfort about their positions.$BTC