#比特币机构配置与囤积 Seeing Wood's latest perspective, it reminded me of the tuition I’ve paid on-chain over the years. Her emphasis that institutional allocation of Bitcoin is the top priority truly struck a chord with my evolving understanding over the years.

Looking back, the biggest pitfall was blindly following the herd into various new coins. During the flash crash on 1011, I observed that Bitcoin, with the strongest liquidity, was the first to be hammered down, while other coins suffered even deeper declines — this highlights the difference between institutional chips and retail crowding. Projects claiming to have 100x potential often disappear the fastest in panic.

Bitcoin’s status has changed; it has evolved from a gambling chip into a gateway for institutional asset allocation. If traditional giants like Morgan Stanley and Bank of America truly enter the market through ETFs, the landscape will be completely different. This isn’t short-term speculation; it’s a shift in the underlying logic.

After so many cycles, my current strategy is simple: don’t chase stories, don’t bet on narrative flips, just follow the footsteps of institutions to allocate core assets. ETH, as infrastructure, still deserves attention, but for consumer-oriented chains like SOL, I’ll be more cautious — consumer assets are too easily cut off.

The idea that the market has bottomed depends on the actual actions of institutions moving forward. Right now, the safety margin is indeed larger, but don’t rush to go all-in. Practice risk isolation, only allocate funds you can sleep peacefully with — that’s the key to lasting longer.