#比特币价格走势 Seeing Strategy accumulate over 20,000 more Bitcoins for two consecutive weeks, my mind flashes back to the scene during the 2015 bottom. At that time, there was also widespread FUD, with institutional investors quietly accumulating amid skepticism. In the end, who laughed last? History has already given the answer.

This time, the scale and speed of accumulation are clearly accelerating. The cost per coin rose from $90,615 to $92,098, an increase, but continued buying in the $90,000+ range reflects a confirmation of the bottom behind this decisiveness. Cathie Wood said the crypto market may have bottomed out; I don’t see this as a prediction but rather a rational judgment based on fundamentals—Bitcoin’s liquidity and resilience during this decline suggest that institutions have already been positioning.

The data is even more interesting. Last week, digital asset products saw a net inflow of $864 million, maintaining inflow for three consecutive weeks, while short Bitcoin products saw outflows for two weeks in a row. This isn’t some complex technical indicator; it’s a straightforward reflection of market sentiment healing. The US market led with $796 million in inflows, which tells me that traditional financial institutions are already shifting their focus. What are they waiting for? They’re waiting for certainty of entry.

From a historical cycle perspective, whenever institutions accumulate heavily at the bottom, it often signals that the next upward cycle has already begun. 2017 and 2020 are examples of this pattern. The key variable now is when traditional financial giants like Morgan Stanley and Bank of America will officially enter via ETFs—that will be the spark that ignites the next rally.

At this position, institutional investors willing to increase their holdings are voting with their capital. History always rhymes; only the rhythm may change.