#比特币价格走势 Seeing the recent data, I want to share an observation with everyone.

Strategy has been aggressively increasing Bitcoin holdings for two consecutive weeks in December, accumulating over 20,000 coins. This reflects not a short-term price game, but institutional judgment of long-term value. More notably, they continued to buy at high levels—adding when the price was $92,098—while their average cost is only $74,972. This operational logic is very clear: viewing asset allocation from a cost perspective rather than a price perspective.

Cathie Wood’s viewpoint also confirms this. She emphasizes that Bitcoin is the preferred entry point for institutions into the crypto space, representing a new asset class. This is not emotion; it’s a reflection of institutional allocation frameworks. Crypto-related assets account for 12%-13% of her portfolio, a proportion that inherently contains rationality—not excessive, but not absent either.

From the capital flow perspective, last week saw a net inflow of $864 million, maintaining a gentle inflow for three consecutive weeks. Products shorting Bitcoin have been outflowing for two weeks in a row, indicating that market sentiment is gradually recovering but has not fallen into madness.

What I want to remind everyone is: the large-scale accumulation by institutions is a signal of long-term layout, not a prelude to short-term surge. True wisdom lies in managing positions with a cost perspective like them, based on your own risk tolerance and time horizon, rather than being swept up by price fluctuations. The market bottom signals have appeared, but more importantly, clarify your allocation goals and then execute them with conviction.