#机构投资者采用 Forbes' outlook captures several key signals. Looking at on-chain data changes, the infrastructure building by large institutions is indeed accelerating—there is a month-over-month increase in the deployment of custody solutions and asset tokenization contracts, which cannot be explained by marketing slogans.

The most interesting view is that "a cooling market does not hinder industry progress." Historically, bear markets are precisely the golden periods for infrastructure and application deployment. Many important applications within the Ethereum and Solana ecosystems were incubated during previous cooling phases. Institutions are no longer satisfied with marginal experiments but are directly integrating crypto exposure into mainstream capital market strategies—this indicates that liquidity structures are undergoing fundamental changes.

From an on-chain tracking perspective, points worth observing are: first, the deposit rhythm of large institutional wallets; second, the contract activity in the asset tokenization track; third, the flow distribution of stablecoins on the chain. These data points can reflect the actual progress of institutionalization earlier than public opinion. The key in 2026 is not the price cycle but the degree of infrastructure maturity and the penetration rate of real applications—this will be the solid foundation for subsequent institutional investment increases.