Looking back at the development of the encryption currency market, it is not difficult to find that this field has undergone tremendous changes. From the rise of Decentralized Finance to the craze for NFTs, and then to the collapse of Luna and the bankruptcy of FTX, the market has fluctuated like a roller coaster. Now, with the approval of the Bit ETF and the influx of institutional investors, the entire industry is undergoing a profound transformation.

Standing at the node of 2025, we can clearly see the qualitative change in the cryptocurrency market. This field, once regarded as "grassroots gold mining," is gradually aligning itself with the mainstream financial system, seeking integration and balance.

One of the most significant changes is the restructuring of the market participant structure. The once retail-dominated speculative market is giving way to a capital market led by institutional investors. This transition has brought about various impacts: market volatility has decreased, and reactions to news and events have become more rational; trading platforms are becoming increasingly standardized, with compliance becoming a top priority; the forces that truly influence market direction have shifted from "opinion leaders" on social media to professional asset managers and policymakers.

What does this change mean for the average investor? It heralds the end of an era that relied solely on luck and short-term speculation. In the new market environment, deep industry knowledge and systematic investment strategies will be the key to success.

Another noteworthy trend is the transformation of Bitcoin's role. Initially seen as a purely speculative tool, Bitcoin is gradually evolving into a digital asset with political and economic significance. Some countries have begun to consider incorporating Bitcoin into their strategic reserves, and there are even politicians who have publicly stated their intention to "protect Bitcoin." This shift in attitude reflects Bitcoin's increasingly important position in the global financial system.

With the continuous maturation of the cryptocurrency market, we may be witnessing the dawn of a new era. In this era, digital assets will no longer be merely objects of speculation, but will become an indispensable part of the global financial system. For investors, adapting to this change and enhancing their professional knowledge and investment capabilities will be the key to success in the future market.