What's going on in the cryptocurrency industry? Brothers, the market has been really heart wrenching lately! Even the president has started to openly cut the leeks, counterfeit currencies have suffered a bloodbath, funds have fled, and the market has continued to decline, leaving the entire market in a bleak state. The US stock market fell sharply, Trump expanded the tariff war, and the encryption industry really seemed to change? On the surface, there are many reasons for the market downturn: celebrities and politicians cutting leeks, poor liquidity, lack of hype and narrative, imbalanced market supply, insufficient outflow of ETF funds, deterioration of the global environment, and so on. But upon deeper reflection, we will find that the fundamental reason for all of this is that the power structure of the market is undergoing changes. 🟡 The Transformation of Power Structure in the Coin Circle Before 2024, the power game rules in the cryptocurrency industry are centered around exchanges, with project parties and VCs as the main players, and power distribution is carried out through community radiation, forming a complete food chain. Whether it is a VC project or a Meme project, there will be market manipulation or market value management by market makers, combined with community promotion and speculation, to attract investors to enter the market, and finally go to the exchange to cut off investors. The distribution of benefits is as follows: the project team and seed round VC eat big meat, the angel round VC eats small meat, the exchange gnaws on bones, and the community and individual investors drink soup. However, with the adoption of the ETF of Big Cake and Ethereum, as well as the coercion of listed companies, institutions, and countries, especially the traditional financial institutions such as Wall Street giants such as BlackRock, Fidelity, and Wetze have entered the currency circle, plus the right capital of the Trump family, the power distribution of the currency circle is gradually transferring. A more professional and large-scale reshuffle is happening. Under the new control of power, new rules of the game, new narrative hotspots and new foam will inevitably emerge. 🟡 New game rules Projects like Trump are good examples. In the next six months, there will definitely be new projects and hot narratives emerging, but unlike before, the market makers behind them have been replaced by Wall Street institutions. For example, recent projects such as RWA and PayFi are products of the new power structure. Market situation Under the new power structure, we see only Da Bing indulging in a frenzy, while altcoins continue to plummet. There are not many leeks left to take over the market, and the old Zhuang family doesn't even perform anymore. They directly flee capital, sell off historical assets, and retrieve funds. This process is expected to continue for some time. 🟡 Retail coping strategies How should individual investors cope in such an environment? The following suggestions are provided for your reference: 1. Do not act recklessly under the influence of market sentiment: When choosing altcoins, you must be cautious. 99% of altcoins in the market will go to zero, it's just a matter of time. Be sure to buy targets with ecological support, don't be influenced by market FOMO sentiment, and don't envy those Meme targets that are hundreds of times larger. Zero Meme is more likely to meet you. 2. Don't touch the contract: If you really can't resist playing, remember to set take profit and stop loss, stop as soon as possible, and run if there is a profit. This can save you at critical moments. 3. Learn more and understand the primary market: the speed of receiving information is equal to the speed of making money. At present, the profit effect on the chain has far exceeded that off chain. Don't foolishly wait for the online platform to know what's going on. The exchange has become the last stop for retail investors to take orders. (Finally, thank you to Brother Crocodile for his suggestion)