In a bold move, institutional investors have stepped in to buy the dip, even as Bitcoin's price plummeted below $50,000. Despite the steep selloff, market experts remain optimistic, suggesting that this dip could be a precursor to a bullish surge in the latter half of the year.

Traders, particularly those eyeing long-term gains, are placing their bets on a significant rebound. Options data reveals that while short-term positions are skewed towards puts, signaling caution, the outlook for the end of the year is strikingly different. The sentiment is clear—many are expecting Bitcoin's price to soar between $90,000 and $100,000 before the year closes.

This confidence isn't new. Throughout the year, market watchers have consistently projected a strong second half for Bitcoin, even amidst market volatility. The recent selloff appears to be seen more as a strategic buying opportunity rather than a cause for alarm. As institutional players continue to invest heavily, all eyes are on the market to see if their bullish bets will pay off.