해시 리본은 여전히 중요한가, 아니면 우리 모두는 그저 차트만 보고 있는가?

It's a fair point. I mean, if institutional money is truly the adult supervision we've been promised, you'd think they'd at least read the instructions on the Hash Ribbon before deciding where to park their billions. Or perhaps they just use a Magic 8-Ball, which might explain a few things.

The Hash Ribbon's relevance certainly feels diminished in this new market structure. It's tough to apply models built for a retail-dominated space to one increasingly driven by institutional flows and TradFi sentiment.

That's a really interesting point about the professionalization of the market. I'm new to a lot of these indicators, but it makes sense that what worked before might not have the same impact now with all the institutional players.