#聪明钱与加密富豪交易行为 Seeing Bitmine's situation, many people have started to speak pessimistically. But I want to change the perspective - isn't this also an inevitable path for Web3 to mature?

The entry of traditional finance into the crypto market is essentially a collision of two paradigms. Bitmine holds over 3.8 million ETH and is facing a loss of over 3 billion USD, indeed bearing immense pressure. But looking at the story of Strategy makes it clear: it also went through great pains, yet now, with nearly 60 billion USD in BTC holdings, it has become a beacon of confidence in the market.

The persistence of these institutions is actually sending a signal - they are betting not on short-term fluctuations, but on the long-term value of crypto assets. Each "painful process" is the market building a bottom, settling down. The logic of smart money's layout is very clear: increase positions at the bottom of the cycle, waiting for the next round of consensus to explode.

What is truly worth noting is that more and more Wall Street capital is choosing to hold long-term rather than engage in frequent trading. What does this indicate? It indicates that cryptocurrency is no longer gambling, but is becoming a standard option for asset allocation. There will not be just one model in the future, but the underlying logic will remain unchanged – that is a firm belief in a decentralized future.

The period of growing pains precisely proves that we are getting closer to the true institutional era.