The reason instos were so keen to get in was definitely not to...

The reason instos were so keen to get in was definitely not to immediately take profits. This much demand is not typical for a CR, and reflects the fact that there are a large number of institutional investors who are keen to be part of this growth story. There will obviously be some who do take profits, but I'd say most won't be and many may very well continue to accumulate (CR is often used by instos to get an initial position, from which they continue to accumulate on top of)

Blood bath is how you define it I guess. For anyone who has been in longer than a week, the price will almost certainly still be significantly higher than their average price when this opens on Monday. The only difference is that they will have a huge pile of cash to fully take advantage of the current opportunity and become the dominant player in the counter drone space