The 2025 crypto market is in a downturn, despite the decline in Bitcoin and Ethereum prices, institutional investors are increasing their investments, with a net inflow of $25 billion. Retail investors are selling off heavily, and the power structure is shifting from retail to institutions. Meanwhile, long-term holders are gradually transferring assets, and policies and infrastructure are supporting market development. Despite price pressures, institutions remain optimistic about the future, expecting prices to reach new highs again.