#机构投资者动向 This week the crypto world is again burning money, with $176 million in new financing. Institutions really aren't afraid of market declines. The total financing amount this year has exceeded 25 billion, and these VCs seem unfazed even if the market halves again.

The most interesting part is that LI.FI and Real Finance each raised $29 million, both aiming to lay the groundwork in the two major directions of cross-chain and RWA. It seems that institutions have long seen through this; the bear market is just the right time to bottom out infrastructure.

Then Saylor started signaling again, saying he wants to "return to more orange dots," hinting at increasing BTC holdings later. This guy is like a timer, always teasing first before making an official announcement. But based on market reactions, the pace of institutional bottom-fishing is indeed accelerating.

Thinking about it, it makes sense. When the market drops so much, the real big players are actually increasing their positions. It looks like although crypto prices have fallen quite a bit this year, the scale of financing and institutional participation are hitting new highs. The signals behind these data are quite worth paying attention to.