#机构投资者入场 Wait, I recently saw some shocking news😳 Bitcoin recorded its first decline in a year after the halving? How is that possible? I thought halving was a stable bullish signal...

Looking at the data, after the April 2024 halving, BTC hit a historical high of $126,000 in October, but now it has fallen over 30%? This rollercoaster feeling is really confusing. Even more outrageous is that after the 2012, 2016, and 2020 halvings, prices hit new highs; this time, it’s actually moving in the opposite direction.

Some people outright say "the four-year cycle is dead," but some analysts say it’s actually because institutional investors have entered the market😮 The addition of ETFs, big corporations, and institutional funds has changed the game. It’s no longer retail sentiment that drives the market, but macro factors like interest rates, regulations, and geopolitical issues. If you think about it this way, it might make sense?

I’m a bit conflicted now. Does this mean the market is becoming more rational, or that risks are becoming more complex? Experienced folks, can you explain what institutional entry means for us newbies? Is it an opportunity or a trap?