The cryptocurrency market has become harder to play.

Institutional bulls are not to be underestimated, and the first institution is not here to play nice, while the second institution is not here for charity. With institutions entering the game, the good days for retail investors are coming to an end.

In this cycle, we are just beginning to glimpse the capabilities of Wall Street's financial regulars.

How could they possibly indulge retail investors in playing with memes or low-quality coins? What an international joke!

Wall Street's first move is to focus on spot ETFs. This has directly diverted the trading volume of BTC in spot markets. Now, more than a year has passed, and the trading volume of BTC ETFs is said to account for 10% of the total BTC spot trading volume. Perhaps in the near future, or maybe just in a few years, it’s not impossible for ETFs to take away half or even more of BTC's trading volume. That money is in the U.S. stock market and will not come to play with retail investors in low-quality coins.

Wall Street's second move targets compliant stablecoins. This directly pressures the non-compliant, old stablecoin USDT, effectively undermining the entire crypto market. The compliant stablecoins will engage in legitimate business in the future, such as integrating online payments in various industries (like e-commerce, ride-hailing, etc.), earning reasonable and legal profits, such as interest on backed assets (like short-term U.S. Treasury bonds). The money playing in compliant stablecoins is unlikely to come and buy low-quality coins from retail investors.

Wall Street's third move is to harvest retail investors. In the early years of the U.S. stock market, retail investors were the majority. Can you guess why retail investors have been nearly wiped out today, obediently handing their money over to institutions? When Wall Street institutions can collaborate with the president to continuously release news, reversing and reversing again, with twists and turns, while driving the market up and down, how can a small retail investor find their place?

After these three moves, the bull market has turned into what it is today.

The upcoming market will not be more comfortable for retail investors.

Survival competition is brutal. Don't fantasize about winning easily while lying in a cozy spot.

Dancing with wolves, only the brave and wise will qualify to survive.