#美国贸易赤字状况 Why are some people still losing money in a bull market? Market rules have completely changed

The competitive landscape of the crypto market is no longer what it used to be. The era of casual layouts and earning passive income has long passed, replaced by a widening information gap and strategic divergence between institutional funds and retail investors.

**Reshaping Capital Patterns, Changing Participant Identities**

Wall Street institutions are entering the market on a large scale through spot ETFs. Their approach focuses on long-term value accumulation and trend following. Meanwhile, retail traders accustomed to short-term trading are caught up in the rapidly changing market rhythm. The quick-profit mindset of buying today and selling tomorrow is no longer sustainable in today’s highly liquid and transparent market. The game between institutions and retail investors is no longer on the same level.

**Where Is the True Growth Track?**

DePIN (Decentralized Physical Infrastructure): Users contribute bandwidth, storage, or computing resources to participate in mining. This is one of the most promising growth tracks today. Compared to traditional crypto assets, DePIN projects have a closer connection to the real economy.

AI and Blockchain Integration: Large models require massive computing power and data support, which distributed blockchain networks can provide. This intersection is attracting significant institutional capital.

RWA (Real-World Asset Tokenization): Moving real assets like real estate, bonds, and artworks onto the blockchain. With clear income sources and transparent management costs, such projects are increasingly favored by traditional financial institutions.

**Seemingly Simple Strategies, But the Barriers Are High**

Engaging in projects, participating in DeFi, grabbing early opportunities… These methods have historically generated wealth effects, but now making money from them is less about luck and more about professional skills.

In comparison, holding BTC and ETH for staking yields stable income that approaches or exceeds many traditional financial products. This strategy is actually more friendly to retail investors—no need to watch the market daily, no need for precise timing.

**Three Typical Symptoms of Losses**

Chasing hot coins without basic fundamental analysis. The market has evolved, and naive FOMO buying often results in being the bagholder.

Executing stop-loss and take-profit orders in the wrong way—selling in a panic during a dip, blindly adding to positions during a rally. This chasing and panic selling pattern always puts investors a step behind.

Investing funds beyond their risk tolerance. Using living expenses for high-risk trades, where a 10% fluctuation can cause emotional breakdowns, ultimately forcing exit at low points.

**The Market’s Essence Has Not Changed, But Participants Need to Evolve**

Crypto has always been about professional investors earning from amateurs. Today, this rule is even more evident—those with strong information access, robust risk management, and clear long-term strategies tend to come out on top.

To make fewer mistakes in this cycle, the key is not to predict the market but to recognize your own capabilities and choose investment strategies that match them. Should you follow the trend and chase hot spots, or stick to core assets? Trade frequently or hold long-term? Behind these choices, the final return curve is determined.