The cryptocurrency market in 2025 completed a profound role reversal — the frenzy of retail speculation came to an end, and institutional capital officially entered the scene. This year, my trading approach also underwent a thorough adjustment in line with market rhythms.

At the beginning of the year, I was still following the old habits. Chasing after altcoins driven by hype, with my mind full of stories about overnight riches. But reality gave me a sharp slap — during the mid-year correction, my positions were cut in half, and only those who experienced it truly know how that feels. The turning point came from a simple action: studying platform data, analyzing the holding structures and profit-loss logic of top investors. This move directly changed my strategy.

The new direction is clear: focus heavily on BTC and ETH, the two core assets, and establish long-term allocation anchors for them. At the same time, utilize the trading channels from CEX to DEX, and select tokens within promising public chain ecosystems for deployment. It sounds simple, but execution requires restraint from greed. When the high-leverage liquidation wave hit at the end of the year, I avoided the waterfall-like risk of liquidation.

The deepest insight of this year is: institutional holdings now account for 24%, and the market is no longer dominated by retail sentiment. What now determines prices are macro policy trends and the real flow of large funds. Therefore, the investment logic must also upgrade — from chasing hot trends to following long-term trends, from rushing to strategic allocation.

In this new cycle, I will continue to refine my investment methodology using tools, aiming to be more steady on the path of value.