Here are a few trends I've observed in the current crypto ecosystem: 1️⃣ Institutions are allocating funds to commodities and U.S. stocks. 2️⃣ Exchanges are continuously listing stock-mapped contracts. 3️⃣ Top KOLs like Chuanmu and Dayu are shifting to stock investment research. 4️⃣ On-chain leaders are organizing, while liquidity within the market is slowly being drained. This trend will trickle down to every ordinary investor. So, who exactly is buying Bitcoin at $80k?