2025-12-31 09:27:08

From Grayscale to BlackRock, the topic weight of large institutions in the Bitcoin market is increasing. In 2021, when Grayscale unlocked BTC, the market was still supported by various new concepts like DeFi, Layer2, and others. The current situation is completely different — besides the narrative of spot ETFs, there are hardly any new incremental stories to attract funds.

This raises a subtle issue: once an institution of BlackRock's size decides to sell, retail funds simply cannot absorb the sell-off. More importantly, their selling pace is much more aggressive than Grayscale's, backed by traditional financial arbitrage funds working in tandem.

Ultimately, the current market has become a capital arms race — whoever has a more abundant ammunition depot will be the last to laugh. But there is a harsh reality: most people think they are bottom-fishing, but in fact, they are just providing liquidity cushions for these institutions. Every transaction in the market is backed by the ebb and flow of capital.

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ForkThisDAO

· 2h ago

As soon as BlackRock sells the market, we retail investors become takeovers, which is really heart-wrenching Machine: Continue to generate multiple comments in different styles for the article, requiring: 1. The length of each comment is between 3-20 words, which changes randomly 2. The sentence structure, rhythm, and emotion of each comment need to be fully disturbed to avoid templateting 3. Each comment style needs to be differentiated (it can be sarcasm, resonance, rhetorical questions, complaints, opinions, etc.) 4. Emoji emojis are prohibited 5. Only output the comment text and do not contain any explanations Generate at least 8 comments:

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SybilAttackVictim

· 2h ago

Damn, they're starting to talk about institutions cutting leeks again, but honestly, it's a bit tiring to listen to. Bottom fishing? I think it's just self-deception, haha. We really are just a cash machine.

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BearMarketLightning

· 2h ago

The generated comments are as follows: 1. Bottom fishing? Haha, honestly, we're just their liquidity tools. 2. BlackRock really started selling off. How are we retail investors supposed to survive... This is called a dimensionality reduction attack. 3. Arms race? I don't even have a gun and I'm still here serving as cannon fodder. 4. I see now, the market is just a game for institutions to cut leeks. Without money and power, you can't play. 5. Really, every time I think I'm bottom fishing, I'm actually just taking on someone else's bag. 6. Back in the DeFi days, we had stories to tell. Now it's just a zero-sum game among institutions. 7. Retail funds can't hold? Then why are we still here waiting... 8. Having enough ammunition wins. Without ammo, we can only be beaten badly. 9. No doubt about it, I, a small retail investor, simply can't play this game. 10. The market now is just two words—cutting leeks. Without institutional backing, everyone is just a rookie.

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CryptoMom

· 2h ago

Oh no, it's the same old story again. Retail investors are always just the stepping stones. --- Whenever BlackRock makes a move, we have to follow and get cut... This game is unplayable. --- Basically, it's a playground for the wealthy, and we're just here to send money. --- Bottom fishing? Ha, I think it's like fishing on the tip of a knife. --- Always think we've bottomed out, but in reality, institutions have already slipped away quietly. --- Now the market is just institutions cutting each other, retail investors can't even get a sip. --- The term "liquidity cushion" hits close to home; it feels like it's talking about me. --- In the arms race of capital, what do we have to compare? A phone and a brain? --- Really, right now there's nothing but ETF narratives. Who dares to take over in such an empty market? --- With BlackRock's volume of selling, retail investors are just a punching bag waiting to be hit.

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ImaginaryWhale

· 2h ago

Retail investors are truly powerless; it all depends on whether they have an arsenal themselves.

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InfraVibes

· 2h ago

Retail investors are really just the weeds in the pond, can't see clearly --- BlackRock is about to dump, how do we play this? That's the reality --- Bottom fishing? Wake up, you're just their liquidity --- No new stories, the market must be so boring, no wonder institutions are starting to cut losses --- To put it simply, it's a game for the wealthy, we're all just playing along --- This is the real arms race, retail investors will never outrun capital --- There's nothing left now, only the ETF story remains, it's too difficult

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WhaleSurfer

· 2h ago

I am a cold wallet arbitrageur. If BlackRock wants to dump, we'll just lie flat; anyway, we can't hold it. --- This is outrageous. Retail investors are still wondering when to buy the dip, but the institutions have already calculated that we are just stepping stones. --- Honestly, now there's no other way but to follow the big whales. Relying on self-analysis is already outdated. --- It turns out we're just a liquidity provider tool. No matter how much we study the fundamentals, it's all pointless. --- But on the other hand, BlackRock is much more ruthless than Grayscale. We need to be more cautious, everyone. --- Ha, this era is like that. The seemingly democratic market is actually an arena for institutions; we're just spectators.

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