Recently, I had the privilege of having an in-depth conversation with Sam from Wall Street SBank, gaining valuable insights from it. Through this dialogue, I gained a deeper understanding of how Wall Street investors operate in the Crypto Assets market. Although their strategies may seem complex, they can actually be summarized into three core aspects.

Firstly, compliance is often used as a tool for market manipulation. These investors frequently use regulatory risks and issues such as opaque staking as excuses to influence market sentiment, leading to panic selling by retail investors. However, they secretly accumulate a large amount of chips through various channels. Once they have accumulated enough, they suddenly change their stance to support relevant policies, thus driving up prices.

Secondly, they are good at utilizing market liquidity. By observing the funding rates of perpetual contracts, it can be found that negative values often occur before a significant rise. This is because institutions first open short positions to induce retail investors to follow suit, and then quickly drive up prices after the shorts are liquidated. This operation makes it difficult for retail investors to grasp the direction, while institutions are able to profit from it.

Third, the power of narrative is fully utilized. Recently, traditional financial institutions have begun to link Crypto Assets, particularly Ethereum, with Real World Assets (RWA). This practice aims to attract traditional capital into the crypto market, potentially driving up coin prices.

It is worth noting that some market indicators may signal changes in the market.
1. The change in the discount rate of Grayscale ETHE
2. The amount of ETH burned exceeds the issuance amount.
3. The ETH transfer behavior of large holder addresses

These institutional investors often act slowly when building positions, but are exceptionally quick when offloading. Therefore, to profit in this market, the key is to remain vigilant during their accumulation period and make timely decisions.

Overall, understanding these strategies can help investors better grasp market trends, but it is also important to recognize that the Crypto Assets market still carries high risks, and investment decisions need to be made with caution.