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Michael Geike highlights a notable shift in the cryptocurrency market over the past two years. According to him, the market has transitioned from being primarily driven by retail investors to one dominated by institutional and professional traders. This change is evident on major centralized exchanges where these traders account for the majority of trading activity and access demand.
Geike’s assessment of institutional ascendancy in crypto trading aligns with earlier developments, including Morgan Stanley’s recent move to file for both Bitcoin and Solana ETFs, which signaled increasing mainstream interest in digital assets. Additionally, his prior examination of how Solana decentralized exchanges are rivaling centralized platforms on large-scale trade execution further contextualizes the current landscape shift toward professional market participation.