In the current rapidly changing cryptocurrency market, a striking phenomenon is emerging: different cryptocurrencies are showing distinctly different investor structures.

Data shows that the true retail long positions for XRP and Ethereum (ETH) surged by 64.2% and 108.6%, respectively. This significant growth may stem from the active participation of institutional investors, resulting in these two encryptions still demonstrating strong upward momentum despite having a relatively low proportion of retail investors.

In stark contrast, so-called 'meme coins' like Dogecoin (DOGE) or Shiba Inu (SHIB) may attract more attention from retail investors. This highly concentrated structure of retail investors is often accompanied by higher volatility and the risk of pullbacks.

For traders looking to seize market opportunities, closely monitoring the liquidation heatmap may provide insights. Entering near price points where long liquidations are concentrated might allow one to capture market trends and achieve potential gains. However, it is important to be aware that this strategy also carries significant risks.

Overall, the cryptocurrency market is undergoing a phase where institutional funds and retail enthusiasm are in a tug-of-war. When formulating trading strategies, investors need to comprehensively consider the investor structure behind different currencies and the potential market impact.