The Crypto Assets market is undergoing a new phase led by institutions. The bull run of Bitcoin and Ethereum seems to be primarily driven by Wall Street, rather than traditional on-chain sentiment and data. This trend suggests that we may not see a large-scale bull run like in 2021, but the alts market may be on the verge of a breakthrough.

It is expected that there may be a 25 or 50 basis point rate cut in September, which could stimulate institutions to further enter the Ethereum market. In this context, the market may form three main gradients: Bitcoin, Ethereum, and platform coins.

Bitcoin's status as 'digital gold' remains solid, with more and more listed companies incorporating it into their strategic reserves. Ethereum, on the other hand, is seen as the next generation of financial infrastructure, and its status as the 'king of all chains' is gaining recognition from institutions.

After the interest rate cut, funds are likely to flow into these two major Crypto Assets. It is worth noting that Solana's prospects may depend on the performance of the associated ETF, and Wall Street may bet on both Ethereum and Solana at the same time.

Platform coins are also worth paying attention to, especially those with long-term buyback and burn mechanisms. This deflationary model, combined with the platform's mining income, may make these coins a good choice for long-term investment.

For alts, investors may transfer funds to mainstream coins, ETFs, and platform coins after they rise. This strategy reflects the market's pursuit of stability and long-term growth potential.

Overall, the current Crypto Assets market is undergoing a more mature phase dominated by institutions. Investors need to closely monitor market dynamics and develop appropriate investment strategies based on their risk tolerance.