Recently, a phenomenon has been dominating the crypto scene: institutions are rushing in aggressively. It’s not just leading assets like Bitcoin and Ethereum being snapped up, even popular projects like Dogecoin and others are gaining ground thanks to community enthusiasm. Simply put, what truly drives the market are the strategic moves of traditional financial giants.

The logic behind this is actually easy to understand. US traditional banks have opened channels for Bitcoin ETF allocations, prompting wealth management firms to follow suit. As stock and bond markets become more volatile, institutions are eager to find new asset allocation outlets for their clients. Crypto assets are thus transforming from an "underground" option into a viable choice—first securing core assets like Bitcoin and Ethereum, then exploring promising niche sectors.

Policy measures are also playing a role. Stablecoin frameworks are gradually being implemented, tax information is becoming more transparent, and regulatory environments are improving. Institutions no longer need to "hide," and large sums of capital can now flow in openly. Meanwhile, developments like Ethereum’s scalability upgrades and the explosive growth of the BNB Chain ecosystem have caught the attention of institutions—they’re not just here for short-term speculation but are betting on the long-term development of Web3.

This raises two questions worth pondering: Will future institutional funds flow into promising but still nascent altcoins? As ordinary investors, should we follow the institutions’ lead and "join the feast," or stick to our own holding strategies and pace? Is this institutional wave the beginning of industry normalization, or the prelude to a new round of bubbles?