Recently, the trend of the Crypto Assets market has sparked widespread discussion. Many investors believe that the bull run is about to peak, but the reality may not be so simple. The uniqueness of this rise lies in the fact that it is primarily driven by over-the-counter institutions rather than retail investors. The buying and holding cycles of institutional investors are fundamentally different from those of retail investors, so we need to examine the current market from the perspective of institutions.

The current macroeconomic environment remains relatively stable, and institutional investors tend to buy on dips during market corrections. Recent data shows that Bitcoin ETF has once again experienced capital inflows, indicating that it is still too early to assert that the bull run has peaked. During the market rise, the coins held by old players will gradually be absorbed; after this process of 'accumulation and turnover' is completed, the market is likely to continue to rise.

Some analysts believe that there is still room for a pump in the market before the possible interest rate cut in September. A real correction may have to wait until the interest rate policy is implemented, which may occur around October.

In this bull run, the market generally believes that large-cap coins will perform better than small-cap coins, with relatively lower risk. Therefore, investors may be more inclined to choose leading projects. Although these projects already have high market values, their pump potential is still considerable, while the performance of small-cap coins may fall short of expectations. Bitcoin is currently testing the support level of $110,000, and the market seems intent on holding this level, but further observation is still needed.

It is worth noting that Solana has encountered resistance around $210, but the bulls have not shown any significant retreat. The SOL/USDT trading pair has formed an ascending triangle pattern, and if it can break through and stabilize above $210, it may trigger a new round of pump, with the next target price potentially being $240.

Overall, the current Crypto Assets market is still full of opportunities, but investors need to remain vigilant, pay attention to institutional trends, and make informed investment decisions based on their own risk tolerance.