According to CoinMeta, although the cryptocurrency market has gradually become more institutionalized, covering spot trading of ETF, derivatives, corporate treasuries, custody by regulated banks, stablecoins, and the tokenization of real assets, short-term price fluctuations are still affected by individual tweets, fiscal decisions, or data releases. The market structure now affects all participants, and developments in ETF, treasuries, and research teams can turn a single piece of information into price volatility. While the market reacts when faced with panic, long-term holders begin to increase their holdings during market downturns, demonstrating a different strategy from short-term speculators.