Every time there is a bull market, it seems like retail investors are frantically chasing the price, but in reality, it is often the institutions that have already positioned themselves that drive the market.

I used to be naive, thinking that those meme coins were all driven up by a collective frenzy, but after being involved for a while, I realized that many projects have institutional funds entering just minutes after they go live. They have already set their positions, waiting for retail sentiment to rise before jumping in to take the shares, and then quietly retreating themselves. The whole process feels like it was scripted in advance.

So now, whenever I see a project suddenly gaining popularity, my first reaction is not to follow suit, but to think about who is igniting the fire behind the scenes. A bull market is never built on mere 'excitement'; it is created with real capital. The so-called sentiment is merely a tool used during the final stages of selling. #牛市进行中…