#超百家公司持有超83万枚比特币 This should be good news, but it doesn't have much to do with us suckers. In the previous cycles, it was basically retail investors who were bullish, although a few institutions participated, the market makers were still the retail investors. Their operating logic is also very simple: first they pump Bitcoin, and then they cash out crazily on the alts, making a nice exit, and then we enter a bear market that lasts for years. But this time is clearly different, Bitcoin's price has reached a new high, and with the influx of institutional funds, many retail investors are afraid to buy in at such high prices. So this time it’s a one-man show for Bitcoin, and large-scale alt seasons are basically gone because the market has changed. Although the market has changed, there are still some opportunities; some altcoins will still emerge, it just depends on whether you can catch them.