# 比特币定价权

#加密市场小幅下跌 It used to be retail investors driving the market, now it's ETF and Wall Street pricing. BTC has transformed from a geek toy to institutional allocation, with volatility decreasing and sharp rises and falls becoming less frequent. Slow bull markets, oscillations, and structured trends are the norm.
Don't use old experiences to navigate the new market: chasing gains and selling on dips will get you killed quickly. Holding onto mainstream assets, deploying in phases, and holding long-term is the right approach.
Institutions are taking the big slices, retail investors are getting th