X @Ansem

Market Sentiment & Institutional Adoption - The market is overly focused on the 2021 cycle, neglecting the current setup from first principles [1] - Institutions are now exploring the cryptoeconomy beyond Bitcoin after 3 years of BTC dominance expansion [1] - Regulatory tailwinds are driving Wall Street's interest in stablecoins and tokenization [1] - Institutions are showing interest in Ethereum, similar to someone new to the crypto space [2] - Wall Street's sales machine has been activated, and institutions will explore major crypto assets to identify winners [3] Ethereum & Altcoins - Ethereum's recent activity is primarily driven by Decentralized Autonomous Trading (DATs) buying [3] - Interest will likely spread to competing Layer 1 blockchains like Solana (SOL) and other hyped projects [3] Market Dynamics & Future Outlook - Long-term buyers will absorb supply, creating a healthier holder base less influenced by retail investors [4] - The industry is in the early stages of an institutional cycle, and barring shocks, this trend is expected to continue with accommodative macro conditions [4] - Significant corrections (30%-50%) are expected, but likely to be corrections unless there's excessive leverage or runaway valuations [5] - Many assets have not yet completed a full "cycle," with only a few near or above their all-time highs (ATHs) [5] - The market is expected to remain "higher for longer" [6]