#Gate广场创作者新春激励 The Three Major Changes in the Crypto Market and New Trends in 2026
Recent Market Fluctuations and Underlying Deep Trends:
Trend 1: Fundamental Shift in Market Structure - End of the Retail-Driven Speculative Cycle, Era of Institutions Begins:
• Net inflow of BTC on exchanges drops to a three-year low, indicating short-term speculators are exiting.
• Continuous outflow of Bitcoin from exchanges, with a single-day net outflow of 14,484 BTC.
• Market is transitioning from a retail-dominated cycle to institutional liquidity distribution.
Deep Transformation of Market Narrative:
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