#大户持仓动态 Wait a minute, the real market trend hasn't arrived yet.

I'm getting a clearer understanding of the game rules in this cycle. The money in the crypto world is actually divided into two groups: one is the seasoned traders and retail investors inside the market, and the other is new funds flowing in from traditional finance. What’s different this cycle is that the scale of traditional capital inflow is far greater than the last cycle, and the two groups of funds are gradually binding together, with their movements starting to synchronize.

So what’s the result? The on-market funds are being reshuffled cycle after cycle. Once the profits dry up, external funds also begin to withdraw in an orderly fashion, flowing to places where they can still make big money.

I think the watershed is that Trump coin. Before it appeared, foreign capital was still pouring in continuously; after that, the speed of new funds entering clearly slowed down. This signal is very obvious.

But on the other hand, if we only rely on the market insiders to play, it’s impossible to reach this scale now. So, everyone is both the ones being harvested and also benefiting from this system. Ironic but true.

Looking at it from another angle, if $BTC and the US stock market always rise and fall together, maintaining a rigid positive correlation, would you still struggle to trade crypto? Of course not. When do the real opportunities appear? When the market rises but coins fall, or when the market falls but coins rise—these moments of disconnection are the windows for earning excess returns.

So don’t rush, be patient and wait for that day. $ETH $BNB