Was it sold directly to asset managers? 

 wow it is coming the squeeze time, these fiat scam-specialists will sell virtual bitcoin over complex layers ponzis based on, at some point, print a gigantic amount of money to fill the holes. But this time they cant print bitcoin and will experience an hard money not designed to work smooth in their systems, so they will try to buy more bitcoin like crazy with the fresh fiat.
No one is bullish enough.