When the asset management scale of crypto funds reached a record high in May, it's likely that Bitcoin and Ethereum, as the most liquid and well - known cryptocurrencies, will be among the first to see price increases due to increased demand. The influx of a large amount of funds may also raise the market's overall valuation. However, it could also lead to overvaluation in some segments, and if the funds flow into specific niche cryptocurrencies, it may disrupt the market's original valuation system, causing significant price fluctuations in these less - mainstream coins.