That was neat! Definitely more interesting than anticipated. The story through the timestamps worked rather well.
My one point of feedback would be some more variation in the crowd noises, especially for the key events/timestamps. Some of them felt more like flat increases in volume rather than changes in the character of the crowd's behaviour. In some ways the crowd had reaction after the music ended than they did at the first reveal at 00:53, which imo would be the first thing to get them properly wild.
Still very nice and a different experience than expected. Well done!

Yeah I originally tried to find like, this one specific kind of sound you hear in wrestling when they're popping for a big star, that specific kind of roar, but the problem is that I was limited to using whatever samples I could find on the internet. In this case, I ripped a crowd loop from Youtube. The issue is that even if you have examples handy of that kind of roar, getting it isolated, accompanied neither by music, nor commentary, is difficult. And if I'd gotten one from say, a fan video from a live event, the quality would be noticeably worse than the base quality here. I did try to edit the crowd noise a bit by increasing the treble and amplitude during 'pops' to try and show a slight difference between screaming during a fangasm and normal, big-crowd chatter. I'll be the first to admit that I'm sure it wasn't a perfect execution but hey, it was the first time I'd attempted something like this and I'm no sound mixing expert, so I'm mostly just thankful it didn't sound worse.

I will say, in my own defense about one of your comments: I think you might be missing a word there but if I'm reading it correctly, you're saying you found it odd that the crowd reaction after the music ended seemed more raucous than when it first hit? That's understandable if you're unfamiliar with this specific dynamic. In wrestling however, when you have a situation like this, of a megastar coming in, either as a big return or in the case of Yuta, a massive cross-promotional dream match (Yuta being Japan's biggest star, going up against one of the West's biggest stars in one of Yuta's rare non-Japanese appearances), the moment when the music and pomp and all that ends can actually give you a bigger pop than the initial hit. The reason being that now that the guy's in the ring, and the entrance is over, all the anticipation of this match, of this seismic event, is finally drawing to close and the moment itself is finally here. I guess I could have explained it more in the description here but this is Jin-Yuta making his first appearance on a stage this large in the west, in front of fans who have, you know, seem him in online videos, heard of him, heard of his mythos, but never thought they'd see him in person in this setting. Not only that but, per the implications of the story in the original version's description, this is meant to be the 3rd and presumably final match in a legendary trilogy of matches with Zane I've been hinting at here and there in various works. Everyone's heard of the much vaunted Zane vs. Yuta in the Grand Fist Finals and Zane vs. Yuta II for the GLPW Heavyweight Championship, a series of matches that are among the most celebrated in the industry, and now they're gonna be gifted one more bout between these two, so that moment went the music stops, and it's just Yuta and Zane in the ring, mere moments before the bell, that's when you get that last, big, sustained pop, as it dawns on the fans that the moment has arrived.

I'm not gonna subject you to any real life examples of this phenomenon and just hope that you'll trust me when I say that the after-entrance pop for big match situations is definitely a real thing. I actually tried to find a decent sample of the well-known "Holy-shit! Holy-shit!" chant that wrestling fans frequently bust out for big moments like this, and was gonna layer it into the final, post-song crowd pop but I couldn't find a sample of good enough quality, but it's definitely a thing that happens sometimes when you've got two stars at that level, face to face. So while I'm sure the sound design itself on this is definitely not without its flaws, the decision to have the last pop being one of the biggest was definitely intentional.

Also just for the record, the point at :53 is more muted than some other parts because while yes, it's a key point in the entrance, they've already got that initial pop of the music hitting so the 'surprise' factor would now be deluded (Not that they didn't already know he was gonna be there for course). Also, the story in the original version indicates that there was a lot of shtick before we even got to this point so the crowd's had ample time to get used to the idea of Yuta's arrival, so they do get louder for things that seem to indicate that he's almost here but save their biggest reactions for the more tangible moments of seeing him. Also, from an arena perspective, the silhouette might not be obvious to everyone in the building all at the same time. We the fictional TV audience would get close ups of course but if you're in the arena, it depends on your vantage point. I also took slight creative liberties to make some pops a little smaller in comparison to the massive pop when he actually steps onto the stage at 1:46.

That was a really needlessly long comment, I know, but I guess I saw it as an opportunity to explain more about the thought process of what went into this, and what (I think) I know about wrestling crowd behavior. Thanks for checking it out though, glad it wasn't just annoying.