At the end of the year, taking a moment to reassess the market ecosystem, one detail left a deep impression—the dual identity of information advantage and isolation from competition.

Just like those participants who have access to firsthand industry insights, able to perceive market trends while remaining outside the fierce zero-sum competition. This state may seem contradictory, but it is actually a form of survival wisdom worth pondering.

In the context of the crypto market, institutions or individuals who can access primary information sources often do not need to get involved in cutthroat competition among exchanges or project teams. Their value lies in their position as a hub of information flow—both grasping trends and maintaining independence.

This may be the secret to long-term market activity: not being hostage to competition, but building a moat through information asymmetry.