The more popular RWA becomes, the less promising the crypto circle is, and CEXs are all competing in the US stock market. I don't think it's driven by the pressure from hyperliquid; it's just that the original business is gradually declining, and they have to shift to the US stock market business.

Any dollar-cost averaging into BTC, or investing in other assets, even hype, I wouldn't recommend at this point. Return to real life, get some good rest, and keep a cautious distance from the crypto world.
Even for those dollar-cost averaging into BTC, most won't withstand the test of time; the torment of time is beyond imagination.