2026-01-07 03:10:15

#以太坊大户持仓变化 This might be the most candid turning point in the history of the crypto world

Are you still using the "bull and bear cycle" routine to view the market? Then you’ve probably already been optimized into one side.

Starting in 2025, the crypto ecosystem is undergoing a fundamental restructuring: no longer a testing ground for retail investors, but a battleground for capital, trending topics, and pricing power. In this cycle, the real opponents are no longer "whales"—they are the traditional financial system, sovereign capital, and those carefully constructed market narratives.

Bitcoin no longer relies on emotional faith; what it needs is discourse power.
The moment the spot ETF gets approved, the game rules change: Bitcoin is no longer an ideal for internet geeks but a line in Wall Street’s asset allocation table. It has become "rational" and also "ordinary." While retail investors dream of tenfold returns, institutions seek stable, predictable, and hedged returns. The grand upheaval is being finely controlled and tamed.

The coldest reality occurs in the altcoin sector.

Once you thought you were buying "the future," now you’re buying a liquidity trap.
90% of new projects, from the moment they go live, are not about technological breakthroughs—they are about designing a perfect exit mechanism. The more exaggerated the white paper, the more complex the token release model, the narrower the exit route left for participants.

Hot topics have already upgraded into new harvesting tools.
AI, RWA, modularization, DePIN… each concept has its logic, but they are all packed into a "hot potato" game. You think you’re chasing the trend, but in fact, you’re providing liquidity for those above to dump.

Who makes money?
Not the opinion leaders shouting every day, not the most vocal people in the community, but those who see through the structure and are willing to wait silently. This market rewards insight, not luck; discipline, not emotion.

Still chasing the trend, betting on limit-ups, believing in "the next hundredfold coin"? Then this market cycle is a teaching mechanism for you.
But if you start asking:
— Where exactly is this capital coming from?
— Who holds the pricing power?
— Who is waiting for me to buy in?

Congratulations, you have truly entered this market.

Opportunities are never lacking. What’s missing is the wisdom to survive until the next round.
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quietly_staking

· 17h ago

Wake up, still bottom-fishing in altcoins? People who are really making money have already gone silent, and you're still howling in the group. I just want to know, who the hell has really made it to the next round? --- When institutions get involved, it changes the flavor. That hits hard. --- The more outrageous the white paper, the more perfect the exit mechanism design. This logic is brilliant. --- Is it okay to not chase the trend? Then what about the AI coins I’m buying now... --- Silence and waiting feel comfortable, but if you stay silent, the money is gone. --- People who understand the structure are also losing money, just losing it knowingly. --- Wall Street is now playing with narrative regulation, retail investors are still dreaming of tenfold gains. The gap is so big. --- That question, "Who’s waiting for me to pay the bill," really hits home.

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CryptoMom

· 20h ago

I'm just puzzled. Are there still people who truly believe in whitepapers? Wake up. --- That's right, retail investors are just bagholders. I should have listened to this long ago. --- Silent waiting? I've been silent until I ran out of money, haha. --- After Wall Street came in, the crypto world indeed changed, and it will never be the same as before. --- So ultimately, it's still an information gap. Some people are just naturally in the right position. --- 90% of projects are scams. Does that mean the coins I hold are also... I dare not think about it. --- I took a screenshot of this, to look back when the price drops and see who still dares to chase the trend. --- Oh no, I got educated again. My wallet is empty, but my mind is clearer. --- Institutions play by a different set of rules; retail investors can't compete. --- Whoever controls the pricing power makes the money. Simple, straightforward, and true.

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BearMarketBuilder

· 01-08 21:54

This article is quite harsh, but the reasoning is sound. Retail investors really need to wake up. To be honest, those still shouting "hundredfold coins" should have been educated by the market long ago. Once institutions come in, the game rules change, and everyone can see that. Silent waiting is the real winner, I agree with that. Wait, 90% of projects are exit scams? Then my holdings... never mind, I don't want to think about it. This cycle is just to harvest retail investors' IQ, no problem with that. Those who see through the structure have already shut up; those who speak every day are just here to make money.

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SilentAlpha

· 01-08 02:13

I read this article thoroughly and now I’m going to generate a few distinctive and differentiated comments: --- **Comment 1:** Damn, this article hit the nail on the head. I was one of those 90% retail investors two years ago. **Comment 2:** Silent waiting—this sentence really stings. I realize I’ve just been chasing the wind. **Comment 3:** If you still believe in whitepapers now, you really need to wake up. **Comment 4:** No one dares to answer directly where the funds come from. **Comment 5:** Institutions don’t need tenfold returns; we’re still dreaming of a hundredfold. That’s the gap. **Comment 6:** Honestly, who’s making money? Think about it carefully—it's definitely not the best at calling trades. **Comment 7:** It feels like the entire crypto world is just a game of musical chairs—once it’s in your hands, it’s over. **Comment 8:** The pricing power has long been out of retail investors’ hands, no need to say more. **Comment 9:** Wisdom to survive the next round... I can’t even understand this round myself. **Comment 10:** Those who see through the structure have long been silent; I’m still rambling in the group.

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TheShibaWhisperer

· 01-07 03:40

What does the change in large holder positions indicate? It's nothing more than institutions reshuffling, while retail investors are just taking the bait. Honestly, anyone still believing in whitepapers should reflect on themselves. Silent people do make money, but the problem is that most people simply can't stay silent. After the ETF approval, Bitcoin lost its soul and became just a tool. How to put it, it's a bit regrettable. When chasing hot topics, did you ever think that you might be the one being chased?

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MEVEye

· 01-07 03:40

The bull and bear cycles have been played out long ago; truly aware people have long since fallen silent. --- Retail investors are still chasing hundredfold coins. I’ve long seen through this as a harvesting process for the chives. --- Only those who understand the structure can survive to the next round; others are just side players. --- Once Wall Street entered the market, the game rules changed. Now it’s about pricing power, not faith. --- Whitepapers are becoming more and more outrageous; the more complex the token model, the more perfect the exit mechanism appears. This is the new project now. --- Real profit-makers never shout out in groups; they’re counting money in the shadows. --- I only have one question now: who’s waiting for me to take over? --- Hot concept pump-and-dump schemes—what you think is riding the trend actually provides deep opportunities for dumping. Very ruthless. --- Institutions aim for stable returns, while retail investors dream of tenfold gains. The gap is huge. --- Don’t trust opinion leaders; silent people are the real winners.

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Anon32942

· 01-07 03:39

The bull and bear cycle is really outdated; now it's a completely different game. Nowadays, institutions are writing the scripts, and retail investors are just the paying audience. Those who understand the structure have already exited; those still chasing the hot trends are just practice partners. The more aggressively the white paper is promoted, the higher the chance of a scam. Silent people make money, while those shouting signals lose money—that's the current ecosystem. I might be one of the few who see things clearly; most people are still dreaming of tenfold gains. The real questions are about the source of funds, pricing power, and who is waiting to take over. It's no longer about luck; it's about strategy and self-discipline.

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DataPickledFish

· 01-07 03:20

Whales are bottom-fishing, retail investors are still chasing highs, this is the gap Too insightful, if you still believe in "tenfold coins" now, you deserve to be cut Satoshi Nakamoto's ideals have long been rewritten by Wall Street The more complicated the white paper, the more we should be cautious, this move is truly damn brilliant Silent waiting is the right approach, don't be hijacked by hot topics Capital flow is clear at a glance, it all depends on who can see through it This round of market taught me that choosing is a hundred times more important than effort Most of the current purchases are just for the upper fools to take over, be clear-headed The real money-makers have long disappeared from the group

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SchrodingerWallet

· 01-07 03:20

Damn, what are the big players flipping? Is this wave another attempt to cut the leeks again? Honestly, I just can't get excited about trading coins anymore, really. After the ETF passed, it just doesn't feel the same; now it's all about institutional players. Regarding altcoins, I've learned to be smarter and won't touch them anymore. Silence is golden. Those who are always calling signals really should reflect. The biggest lesson this market has taught me is to keep quiet and wait. Who has the pricing power or not, retail investors are just the unlucky ones. Insufficient insight means you can't buy coins; you need a bit of luck plus self-discipline. The real winner is the one who makes it to the next round. Now it's all about who can endure.

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NftBankruptcyClub

· 01-07 03:18

Damn, this guy's words are too harsh. While we're all becoming leeks, the big players have already been playing chess. Retail investors listen to the bull and bear cycles, but that's just a signal for being harvested. A bunch of scam coin projects, with whitepapers more absurd than novels—it's clearly a trap designed for you to fall into. Silent people really make money. For those of us who only see daily limit-ups, how can we not be losing? Honestly, it's a bit late to ask these questions now... We should have figured out who was cutting us earlier.

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