Recently, the crypto assets market has shown a clear trend of differentiation. Mainstream digital assets like Bitcoin and Ethereum are performing relatively steadily, and although they face certain pressure during US stock trading hours, they often rebound quickly. This resilience is partly due to the support from the Asian market.

However, the situation is not optimistic for most small crypto assets (commonly known as "altcoins"). The prices of many projects are close to historical lows, and the weekly charts show that only a few projects that cooperate with ETFs, government departments, or are supported by institutions like Grayscale and WLFI can maintain relative strength. The performance of old tokens on traditional centralized exchanges is particularly weak, with little sign of a bull market.

It is worth noting that institutional investors' interest in the crypto market seems to have cooled. ETF inflows have slowed, and while Bitcoin's daily net inflow remains in the tens of millions of dollars, inflows for Ether have significantly decreased. This may be related to the intensive macroeconomic events this week, leading institutional investors to choose to take a wait-and-see approach.

Currently, the market is experiencing a "late drop early rise" pattern, and the premium of the Chinese crypto exchange Coinbase over Binance has disappeared. If institutional investors continue to maintain a cautious attitude, the market is likely to continue its oscillating adjustment, and small cryptocurrencies may face greater liquidity pressure and the risk of price decline.

Overall, the crypto assets market is at a critical turning point, and investors need to closely monitor institutional trends and macroeconomic factors to grasp the future direction of the market.