Why is the cryptocurrency market different now compared to a few years ago? Ultimately, it's because the veteran investors have become wiser, and new investors are not entering the market, so the old investors can only be repeatedly exploited! Anyway, whether it's a bull market or not has little to do with institutions; now institutions just need to observe the value of long and short positions, and they can profit handsomely by manipulating the market. As for the bull market, that's just a gimmick to create the 'benefit effect' in the cryptocurrency space!