#比特币价格走势 Seeing Strategy buy more than 10,000 Bitcoins for two consecutive weeks, I have to say this is indeed a noteworthy signal. But I want to remind everyone not to be hijacked by the logic that "institutional accumulation = bottoming out."

Strategy's position cost is at $74,972, and it is now continuing to buy at $92,098, indicating that institutions are betting on the future market trend. This seems similar to retail FOMO psychology, but the difference is— they have ample capital reserves and risk tolerance, able to withstand volatility. What about us?

Cathie Wood said the crypto market has bottomed out, which makes me a bit cautious. Every time the market rebounds, there are voices calling for a bull. The key is not to listen to these comments, but to see where the funds are truly flowing—$796 million net inflow into the US market, which is real confidence. Bitcoin short positions have been flowing out for two weeks in a row, indicating that market sentiment is recovering.

But there is a detail worth noting: Bitcoin inflows this year amount to $27.7 billion, compared to $41 billion in the same period last year. This means that the incremental funds are not as abundant as they appear on the surface. Institutions may be deploying at lows, but retail enthusiasm has clearly faded.

My advice is straightforward—don't blindly follow the footsteps of institutions. Understand your own risk tolerance and set proper stop-losses. This is much more realistic than guessing when the bottom will be reached. Those who can survive long-term are always those who manage risks well.