Recently, there has been a viewpoint circulating in the market that we are currently in a top distribution phase, stemming from some early large investors starting to take profits. However, we should not overlook a more important trend: larger institutions are actively accumulating Crypto Assets, especially Ethereum. It is reported that several well-known institutions and listed companies are buying Ethereum in large quantities, with some institutions even publicly stating that their goal is to hold 5% of the total supply of Ethereum.

This phenomenon indicates that we need to examine the current market from a more macro perspective, rather than just focusing on certain localized phenomena. In fact, the large-scale entry of institutional investors has already begun to change the traditional four-year cycle theory and is reshaping the fundamentals of the Crypto Assets market.

Personally, I would not easily change my trading strategy unless I see significant events such as MicroStrategy selling Bitcoin or BitMine dumping Ether. In the long run, I remain optimistic about the development prospects of Bitcoin, Ethereum, and other mainstream Crypto Assets. The market capitalization of these mainstream coins is expected to grow steadily in the future.

The entry of institutional investors not only brings more funds to the market but also increases the stability and credibility of the market. This may signify that we are entering a new stage of the Crypto Assets market, characterized by greater maturity, resilience, and a closer connection to the traditional financial system.

Nevertheless, investors should act cautiously and closely monitor market trends and changes in the regulatory environment. The crypto assets market is full of opportunities, but volatility remains high, requiring investors to have sufficient risk awareness and a long-term investment perspective.