As soon as the institutions entered the scene, I knew it was over. The institutions have arbitrage tools, and they absolutely will not allow the cryptocurrency market to experience wild fluctuations. In the future, it will be like the U.S. stock market, with a few super large market caps, while the rest are trash.

Recently, the trading volume is really low. A good bull market has been washed into this state by institutions. I feel that in the next four years, many in the crypto space and hot money will likely return to the A-shares or Nasdaq. Otherwise, they will just directly buy Bitcoin. Sigh, such a large market has been destroyed like this; it's really frustrating. It also means that there is one less channel for people like us to cross classes. I estimate that at most after work tomorrow, there will definitely be a story-telling big shot outside of this track, a copy of Satoshi Nakamoto or an alternative Jack Ma, who will see the money in this track and come out to do no-cost business. Sigh, it’s not easy for this to be legal.