In the turbulent financial markets, investors often face an eternal challenge: how to capture opportunities in market turmoil. On March 11, 2025, the global market experienced a sudden plunge, and both the US stock market and the cryptocurrency market were not spared. However, as the saying goes, "be greedy when others are fearful", some astute investors and institutions chose to "buy the dip" at this moment - that is, buy at the low point of the price, expecting a rebound in the future. This article will explore in depth which institutions and investors were quietly buying the dip during yesterday's market crash, and the investment logic behind them.

Ark Invest: A firm believer in technology stocks

As technology stocks suffered heavy losses, Ark Invest, led by Cathie Wood, once again demonstrated its firm confidence in innovative technology. According to The Block, as Coinbase's stock price fell 17.6% on Monday, Ark Invest decisively purchased 64,358 shares of Coinbase, worth $11.5 million. Among them:

• Ark Innovation ETF (ARKK) purchased 52,753 shares worth $9.4 million;
• Ark Fintech Innovation ETF (ARKF) purchased 11,605 shares valued at $2.1 million.

In addition, Ark invested $9.6 million to buy Robinhood shares and sold $20.6 million worth of Block shares. On Monday, when the U.S. stock market plummeted, Ark Invest invested a total of more than $70 million to buy multiple stocks including Tesla, Palantir, Coinbase, AMD, Tempus AI and Robinhood.

This series of operations by Ark Invest is not accidental. Since its establishment, Ark has been focusing on investing in companies with disruptive innovation potential. Despite frequent market fluctuations, it has always insisted that these companies will lead the technological revolution in the future. This time, when Coinbase's stock price fell, Ark increased its position, which is precisely because Ark is optimistic about the long-term prospects of cryptocurrency and financial technology. Currently:

• In the ARKK fund, Coinbase is the third largest holding, with a weight of 7.1% and a value of approximately $375.1 million, second only to Tesla and Roku;
• In the ARKF fund, Coinbase is the second largest holding, with a weight of 7.7% and a value of approximately $65.7 million, second only to Shopify.

This configuration shows that Ark attaches great importance to Coinbase and believes that its leading position in the field of cryptocurrency trading will continue to bring growth. At the same time, Cathie Wood also made a judgment on the current market: the current market is digesting the final stage of the rolling recession, which will give the Trump administration and the Federal Reserve (Powell Fed) more room for policy adjustments than investors expect, which may push the US economy into a "deflationary boom" in the second half of this year. Cathie Wood believes that the Federal Reserve's monetary policy will be more flexible, and the market may underestimate this potential driving force for economic rebound.

Mingcheng Group: A strategic investor in Bitcoin

Meanwhile, Hong Kong-based Ming Shing Group, through its wholly owned subsidiary Lead Benefit, has once again demonstrated its strong interest in Bitcoin. According to Globenewswire, Lead Benefit purchased 333 Bitcoins at an average price of $81,555 per Bitcoin, with a total investment of approximately $27 million. Previously, the company also purchased 500 Bitcoins at an average price of $94,375 per Bitcoin on January 9, 2025, with an investment of approximately $47 million.

Mingcheng Group's series of investment behaviors highlight its strategy of viewing Bitcoin as a short-term investment tool. The company said that it purchased Bitcoin to capture its potential appreciation and increase the diversity of asset allocation. In addition, the high liquidity of the Bitcoin market also facilitates the company to quickly realize cash when needed and support its main business - wet operation engineering.

This investment decision reflects Mingcheng Group's optimism about the prospects of the cryptocurrency market. Although Bitcoin prices fluctuate greatly, as a global digital asset, it is attracting more and more institutional investors. Mingcheng Group's continued increase in holdings may indicate its recognition of the long-term value of Bitcoin.

Longling Capital: An active investor in ETH

In the cryptocurrency market, Longling Capital's movements are also eye-catching. According to Lookonchain monitoring, Longling Capital withdrew 10,001 ETH from Binance on March 11, worth about $19.16 million. Since December 19, 2024, the address has accumulated 44,002 ETH at an average price of $2,563, with a total value of about $112 million.

It is worth mentioning that Longling Capital had previously made a profit of $33.67 million by "buying low and selling high" ETH, but its current floating loss is $28.78 million. Despite this, it still chose to increase its ETH position when the market plummeted, showing its confidence in the long-term value of ETH. This behavior may be based on its optimistic outlook on the application prospects of ETH in fields such as decentralized finance (DeFi) and non-fungible tokens (NFT).

However, risks cannot be ignored. Currently, Longling Capital's health rate on Aave is 1.82, and the liquidation price is $1,048. If the ETH price falls below this level, its pledged ETH may face liquidation risk. But Longling Capital seems willing to take this risk and continue to bet on the future of ETH.

Bitcoin vs. U.S. Stocks: Differences in Rebounds

In yesterday's market rebound, both the S&P 500 and the Nasdaq Composite Index received negative lines, showing a negative closing performance, while Bitcoin (BTC) achieved a 5.5% rebound. This difference has attracted attention to the dynamics of cryptocurrencies and traditional stock markets. So why is Bitcoin able to rise against the trend while U.S. stocks are weak in the same market environment? BitMEX founder Arthur Hayes explained in a post on social media:

• Bitcoin (BTC): A global 24/7 market with unlimited trading, cannot be issued, failure means bankruptcy or liquidation, and no country’s finances depend on its rise;
• Stock market: trades only at certain times, has limited participants, and although additional shares cannot be issued, if they fail and have political background, they may be bailed out. US fiscal revenue is directly related to stock market performance, so the stock market often receives policy support during crises.

Hayes believes that Bitcoin is a truly free market, while the stock market is subject to policy intervention. Therefore, in times of a fiat currency liquidity crisis, Bitcoin prices tend to lead the stock market in both declines and rebounds. This view provides a new perspective for understanding the differences between cryptocurrencies and traditional financial markets.

Conclusion

Yesterday's market plunge undoubtedly brought great challenges to investors. However, as Ark Invest, Mingcheng Group and Longling Capital have shown, opportunities often lie in crises. These institutions chose to "buy the dip" during the market downturn, reflecting their firm belief in the long-term value of technology stocks and cryptocurrencies.

In the future, the market trend is still full of uncertainty. When investors follow the footsteps of these institutions, they need to carefully assess their risk tolerance and pay close attention to market dynamics. In the turbulent financial market, only investors who have foresight and seize opportunities can reap their own harvest after the storm.