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Oh my God, I just saw a message that was a bit shocking🤯
Cryptocurrency financing has already exceeded $25 billion this year?! Although the market capitalization has fallen by $1 trillion from the October high, institutional investors seem to have not stopped at all. This week alone, they added another $176 million in investments. Renowned institutions like Pantera Capital and Coinbase Ventures are continuously increasing their stakes...
And I heard that Michael Saylor has recently been hinting at increasing his BTC holdings again. This big shot seems to be very optimistic about Bitcoin🔥. Does this mean the market isn't actually that bad? Or do institutional investors have more information than we do?
When I first got into the scene, I was very nervous whenever the market dropped, feeling like I was going to lose money. But now I gradually understand that these professional institutions tend to position themselves during bad times, as if telling a completely different story.
I want to ask experienced seniors: are these actions by institutions a reference signal for us beginners to judge market trends? Or should we not pay too much attention to these and focus on learning the basics instead?