Arca Chief Investment Officer: This is the weirdest round of dumping in history, original investors are exhausted, and new funds have also failed to get on board.

According to an announcement from Coin World, Arca's Chief Investment Officer Jeff Dorman published a statement this morning calling this round of big dump “the strangest crypto assets dumping tide in history.” The market clearly has many favourable information factors — the Fed's interest rate cuts, the impending end of quantitative tightening, strong consumer spending, record corporate profits, sustained demand for artificial intelligence, and so on, with stock, credit, and gold/silver markets hitting new historical highs every month; meanwhile, all the so-called reasons for the crypto assets dumping do not hold water — MSTR has not sold off, Tether is not insolvent, DAT has not reduced holdings, Nvidia has not experienced a crisis, the Fed has not turned hawkish, and the tariff war has not restarted. Jeff stated, "I still do not understand why crypto assets keep falling. The reason might be simple, although the technology is evolving and policies in Washington and movements on Wall Street are showing positive progress, they cannot change the fact that the current crypto assets ecosystem lacks buying volume. Native crypto investors are exhausted, and new funds have not yet gotten on board. Although investors are forward-looking, they will not easily change their investment processes — therefore, even though institutions such as Vanguard, State Street, Bank of New York Mellon, JPMorgan, Morgan Stanley, and Goldman Sachs are about to get on board, they have not yet positioned themselves today. Until these institutions can easily allocate crypto assets through the existing authorization system and investment processes, the flow of funds will not truly arrive.