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Dragonfly Partner: Retail investors have significantly exited the market, and institutions are forming the Bitcoin price bottom
ME News Report, May 3rd (UTC+8), Dragonfly partner Haseeb Qureshi stated that retail investors have significantly exited the current crypto market, and institutions are now at the market bottom supporting Bitcoin prices. He pointed out that Bitcoin is viewed as a mature asset with sustainable growth potential over the next 15 to 20 years, while altcoins need clear narratives to re-attract retail attention. He also mentioned that the core of the crypto industry still lies in money and financial scenarios, with DeFi, stablecoins, exchanges, and RWA fields having strong user stickiness. With AI technology’s involvement, future intelligent agents may serve as intermediaries in trading, thereby increasing overall adoption, and low-risk-tolerance users could become the main source of growth. (Source: ChainCatcher)