Ultimately, the market is a place for storytelling. Bull and bear cycles change, and so does the script.

When was the bull market? MicroStrategy was buying, BlackRock was buying, Tether was buying, and even the U.S. government was rumored to be hoarding coins. These institutions seemed enchanted, completely ignoring costs, willing to chase prices even higher. It was as if Bitcoin would only rise and never fall, with FOMO sentiment spreading to every conference room.

But what if the bear market comes? The situation changes immediately. ETFs start to see net outflows, and MicroStrategy suddenly announces it needs to sell coins at a loss to stop the bleeding. Institutions that were just shouting 'HODL' now begin to sell off at any cost. Once the price doesn't meet expectations, all beliefs become illusions.

The story of the bull market is精彩, and the story of the bear market is equally精彩. It's just that the protagonists in the stories are always so changeable.

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ContractFreelancer

· 4h ago

It sounds like watching a bad drama, with all the main characters being plastic sisters. The institutional rhetoric is that when buying, there's full faith, but when selling, they start shifting the blame. It's really quite absurd. Don't believe their talk about long-term holding; when things go south, they still Rug Pull. That's just how the market is; money talks, everything else is meaningless. If you ask me, these people are just playing a probability game; no one should pretend to be pure.

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DancingCandles

· 4h ago

This is a typical institutional play to Be Played for Suckers, to put it bluntly, it's all just paper tigers. Wait, is MicroStrategy still buying the dip? I remember they were selling below net asset value not long ago. Faith? That stuff isn't worth much, it's better to look at the K-line. Laughing out loud, all stories ultimately boil down to one word—money. As soon as the market turns, they immediately reveal their true colors, these institutions are nothing special. I just want to know who the next dumb buyer will be, haha.

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SigmaBrain

· 4h ago

Haha, this is web3, where's the faith we talked about? Institutions are like this, making a lot of noise but running away fast. No matter what long-term holding you talk about, once it falls, the true colors are revealed. The story sounds nice, but the money is real.

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NFTBlackHole

· 5h ago

Institutions have been playing this trap for so many years, how can there still be people who really believe it? --- Selling coins at a loss, this reversal is really amazing, it makes me laugh to death. --- So I say, are these pros' beliefs really worth so little? --- Bull run FOMO, Bear Market Cut Loss, an eternal classic combination technique. --- Seeing through it, it is what it is, I don't care anymore. --- MicroStrategy's operations during that wave were indeed a bit awkward, but it's understandable. --- Wait, what is BlackRock doing now? --- The story is told for retail investors, the real script is written on the Candlestick. --- Holding long-term? It's just a pretense. --- To put it bluntly, it's all driven by interests, nothing surprising.

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