Garrett Jin, a whale: Increased institutional participation has not ended the crypto bull market, but rather represents a structural shift from speculation to allocation.

Garrett Jin, suspected to be the "1011 insider whale," posted on the X platform that some media outlets have seriously misinterpreted Wintermute's views. He argued that the increased institutional participation has not ended the crypto bull market, but rather marks a new phase in the market, shifting from speculation-driven to allocation-driven.