It is necessary to acknowledge the objective facts, the behaviors of institutions and governments:
Public companies such as Metaplanet, the Bitcoin reserve plans of various U.S. states, and the application of cryptocurrency hedging tools by traditional financial institutions like BlackRock provide long-term demand support for the market.
The inflow of funds into Bitcoin ETFs reached $40.2 billion in early May, approaching historic highs, indicating that institutional funds are reconfiguring.
These signs are sufficient to indicate that BTC is gradually losing its ability for significant volatility, with maturity marked by stable sentiment.
Low market cap tokens carry the risk of manipulation by whales, and one must be wary of short squeezes and funding rate harvesting phenomena; however, we also need to acknowledge the objective facts. The upside potential depends on the depth of the roots downward, after all, the darkest moments are often the leverage points for reversing history.