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Something big is forming.
I’m seeing the quiet shift from retail chaos to institutional structure, and most people are still asleep.
I think this move toward a wholesale crypto market changes who really controls liquidity.
Big players are no longer experimenting, they’re building dedicated rails behind the scenes.
Intermediaries like TP ICAP stepping in tells me this isn’t about hype anymore, it’s about infrastructure.
I see a future where price discovery happens away from public exchanges.
That means less noise,
tighter spreads, and way more influence concentrated at the top.
Retail won’t disappear, but I believe it gets pushed further to the edges.
This is how every major market matures, and crypto is not special.