Original Title: Retail Investors Are Leaving, What Will Drive the Next Bull Market?
Original Author: Plain Language Blockchain
Original Source:
Repost: Daisy, Mars Finance
Bitcoin has plunged from $126,000 to the current $90,000—a 28.57% crash.
Market panic, liquidity drying up, and the pressure of deleveraging are suffocating everyone. According to Coinglass data, there were significant forced liquidation events in Q4, and market liquidity was severely weakened.
Yet at the same time, some structural positives are coming together: the US SEC is about to launch the "innovation exemption" rule, expectations for a Fed rate-cutting cycle are growing stronger, and global institutional channels are rapidly maturing.
This is the biggest contradiction in the current market: things look grim in the short term, but the long-term outlook appears bright.
The question is, where will the money for the next bull run come from?
01. Retail Investor Funds Aren't Enough Anymore
First, let’s...

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