STS Digital CEO: Crypto Prices Still Winter, Institutional Adoption Summer

The interesting claim here is the split itself: price action and institutional build-out are being described as running on different clocks, which challenges the common assumption that adoption and valuation move together. If that divergence is real, it implies the firms building infrastructure now are positioning for a cycle that market sentiment has not yet priced, and it puts trading desks and institutional service providers — not retail sentiment — at the center of the story. Whether adoption momentum can persist through a prolonged price winter is the open question.