As the Crypto Assets market has gone through a complete bull and bear cycle, on-site investors have generally become calmer and more rational. The current market is showing some new characteristics and trends.

Firstly, the price fluctuations of Bitcoin have become highly correlated with Wall Street. The Asian and European trading sessions are usually calm, while significant market changes only occur after the opening of the US stock market. This phenomenon reflects that the Crypto Assets market is undergoing a transfer of pricing power, mainly revolving around exchanges and Wall Street.

Secondly, the market performance of different Crypto Assets has shown divergence. Digital currency represented by Bitcoin is favored by Wall Street institutions led by ibit, which are buying in large quantities. On the other hand, Crypto Assets such as Ethereum that adopt a staking model are facing significant selling pressure, as investors prefer to hold and earn staking rewards.

The change in this market pattern has led to a significant decrease in retail participation. When the influence of retail sentiment on the prices of Bitcoin and Ethereum weakens, ordinary investors naturally feel that the market is quiet. However, from the perspective of institutions and large investors, the market is still full of opportunities and challenges.

Overall, the Crypto Assets market is undergoing a transformation period. The entry of institutional investors has changed the game rules of the market, and retail investors need to adapt to this new market environment. In the future, market participants may need to pay more attention to macroeconomic factors and institutional trends, rather than just short-term price fluctuations.