#加密货币监管框架 Morgan Stanley's move is interesting. The traditional financial giants officially entering institutional-level crypto trading indicates that the regulatory framework has reached a critical point—shifting from "Can we do it" to "How to do it more compliantly."

This is a double-edged sword for the copy trading ecosystem. In the short term, institutional liquidity entering the market will push up volatility, potentially amplifying the strategic advantages of certain experts, or causing them to become ineffective under the new market structure. I recently adjusted the evaluation weights for several copy trading targets—those traders who rely on retail psychology arbitrage need to reassess their performance in the institutional game.

But what’s more worth paying attention to is that this will attract more traditional financial institutions. Their trading logic and risk management systems are completely different from those of our common crypto-native traders. Experienced traders in the crypto copy trading circle might have made good profits before, but once the opponent becomes a traditional fund with proper compliance and risk controls, the game changes.

My advice is that there’s no need to rush into chasing high prices now; instead, start identifying: which traders can survive the institutional competition? Are their position sizing logic, stop-loss execution, and large-scale trend judgment strong enough? These details determine how far your copy trading profits can go. Regulatory clarity itself is a positive, but only if you choose the right people.