#机构投资者动向 Seeing institutional ETF sizes doubling to 400 billion, while investment banks predict a "crypto winter" in 2026, this stark contrast is quite thought-provoking. My early experiences of being shaken out have told me that this is precisely the most dangerous moment—institutions are entering the market, while retail investors are being wiped out in panic.

The key point in this sentence: The current market landscape is shaped by institutional participants, not retail traders. This is not good news. When the rulemakers change, the old methods of making quick money through information asymmetry and emotional swings become completely ineffective. Institutions don’t play FOMO; they focus on the long-term value of underlying assets—DeFi, asset tokenization, infrastructure development—these are the real progress.

Prices may remain under pressure for a few more months, but this is exactly the filtering process. Projects that rely on storytelling and hype will gradually be exposed; only those with solid fundamentals will survive the institutional adoption cycle. My current strategy is simple: don’t chase prices, focus on whether the project is truly solving a problem. If a price drop gives me a chance to participate in something valuable at a lower cost, that’s the signal I’m looking for.

Be wary of projects that ramp up marketing efforts suddenly during a "winter talk"—this is often a sign of the last wave of retail investors being exploited. Longevity is far more important than speed.