I feel the market is really awkward right now. In many crypto groups I'm in, no one is talking anymore. When BTC goes up 5% in a day, no one shouts "bull market is back," and when there's a huge crash, no one says "the bull is dead" either. The past couple of days, USDT has dropped like crazy too. Who's going to hype us up? Otherwise, all my enthusiasm is slowly fading away!!

The crypto market has been pretty miserable these past two months. BTC dropped straight from $126,000 to $80,000, a decline of over 35%. ETH, SOL, and a bunch of altcoins have all been crushed. Even after a few days of gains, one night is enough to send it all back to square one!

Is this supposed to be a safe-haven asset? A risk asset? It seems like it's neither—still just a speculative asset.

Ever since the Bitcoin spot ETF launched successfully, followed by the Ethereum ETF, SOL ETF, and so on, and institutional capital officially entered the crypto market, there have been two obvious changes:
Some institutional investors only buy blue chips like Bitcoin, Ethereum, and SOL.
Others act as VCs, incubating altcoin projects—these altcoins debut with market caps in the billions or even tens of billions, and then proceed to mercilessly dump on retail. Just look at those Binance ALPHA projects, the drops have been absolutely brutal!

Plus, not long ago, Binance hyped up a bunch of "Chinese memes" and that "10.11" epic crash, which pretty much squeezed out the last bit of retail liquidity.

I think it’ll only get harder for ordinary retail investors to make money in the crypto market from now on. In the future, whoever can build products and ecosystems, generate steady cash flow, and reward token holders will be the winners and get the backing of institutional capital.

I'm pretty optimistic about $hype $aster . What do you all think?