#比特币VS代币化黄金

Institutions do not "cut losses" but are "more professional than retail investors"

1. Well-known institutions = not cutting small investors? Not true

No matter who it is:

• Coinbase

• Binance

• OKX

• a16z

• Paradigm

• BlackRock

• MicroStrategy

• even Solana, Avalanche, various L2 project teams

As long as they are institutions entering the primary market, their essential purpose is only one:

Buy low → Sell high

They make money, someone has to lose money

So essentially:

If institutions don’t cut losses, who will take their stock?

2. "Coins led by large enterprises" are just more sophisticated packaging

Look:

SOL — Led by FTX, VC teams → Still plummeted 97%

If it rises again later, that’s the next round of the market.

FIL — Technology star project → Halved upon launch

Whoever buys takes the loss.

APT — Supported by a bunch of well-known capital → It’s a waterfall from the start

ICP — Top global teams, academic backgrounds → Directly dropped from 400 to 3 dollars upon launch

The larger the institution's "halo":

The easier it is to attract retail investors to take their stock

So when it drops, it’s even harsher.