Just last week, while the whole world’s retail investors were cursing that “the bull market is over, it’s gone to zero,” three “giant whales” quietly slipped in (actually they walked in openly). In just one week, they swept up a total of $1.2 billion.

Yes, you read that right—$1.2 billion, in actual cash.

Doesn’t it feel like the script is wrong? What were you doing last week? Were you following the trend in the group and complaining along with everyone? Were you so spooked by that one needle on the K-line chart that you ended up going to the bathroom and disappearing into the night? Did you hand over the blood-stained chips with a quick cut?

Don’t be embarrassed to admit it. Because Q1 data is out: retail investors net sold 62,000 BTC. Meanwhile, institutions, going against the tide, bought 69,000 BTC.

So who took whose chips?