Dragonfly Partner: Retail Investors Have Largely Withdrawn from the Market, Institutions Are Forming the Bottom for Bitcoin Prices

Odaily Odaily Planet Daily News Dragonfly Partner Haseeb Qureshi stated that in the current crypto market, retail investors have largely withdrawn, and institutions are forming the market bottom and supporting Bitcoin prices. He pointed out that Bitcoin is being viewed as a mature asset with sustainable growth potential over the next 15 to 20 years, while altcoins need a clear narrative to regain retail attention.

He also noted that the core of the crypto industry still lies in money and financial applications, with areas such as DeFi, stablecoins, exchanges, and RWA demonstrating strong user stickiness. With the intervention of AI technology, future agents may act as intermediaries in transactions, thereby enhancing overall adoption, with low-risk appetite users likely becoming the main source of new growth.