Institutions is a very broad word covering all types of...

Institutions is a very broad word covering all types of organisations so if one wants to get the feel right then one needs to be more specific.

Anyway, it all relates to market dynamics of supply and demand. The action will be by algo traders, hedge funds and other wannabe coat tail traders.

It is a big back up of supply hunting for the lowest point of demand. It could go to near $1.43 if the $1.80 doesn't hold or get restored before demand kicks back in enough to revert the back up. $1.59 is the next turning point if this break down of $1.80 is sustained. If demand is lower than $1.43 then this will be a distribution cycle. Not a long one if the fundamentals start getting attention again with some good announcement..... but nasty none the less.

Don't panic is the best policy. Wait for demand to show signs of kicking back in before topping up or whatever is also good practice IMHO. DYOR etc etc blah blah

Cheers