The volatility of the cryptocurrency market has always been a focus for investors. Recently, there are views suggesting that the market may maintain a slow upward trend, primarily based on the support of institutional investors. However, this viewpoint may be overly optimistic.

Looking back at history, we can see that even top institutions find it difficult to remain undefeated in the encryption market. Once flourishing Three Arrows Capital quickly collapsed during the market downturn, ultimately going bankrupt and leading its founders to face legal issues. Japan's SoftBank, as a multinational technology investment giant, also suffered heavy losses after entering the encryption field, choosing to exit after losing up to ninety percent of its funds.

Even Sequoia Capital, known for its investment acumen, has not been spared from difficulties in several investment projects in the encryption field. Grayscale Investments, a well-known institution in the industry, is still trapped in a predicament of being stuck at high positions with its FilecoinWHVHjfjN (FIL) investment. The once-thriving FTX exchange, despite attracting the favor of state-owned enterprises such as Singapore's Temasek, ultimately could not escape the fate of bankruptcy, and its founder has thus found himself behind bars.

Currently, some institutional investors focused on the Ethereum ecosystem are also facing challenges. The harsh reality of the cryptocurrency market once again proves that both individual and institutional investors find it difficult to thrive in a bear market.

These cases remind us that over-reliance on institutional investors' support in the cryptocurrency market can be a risk. The complexity and unpredictability of the market require investors to remain cautious and not to view any institution or individual as an absolute support for the market.

In the dynamic and ever-changing field of encryption currencies, rational analysis and risk awareness are more important than blind trust. Investors should make decisions based on their own risk tolerance and market research, rather than overly relying on so-called institutional support.