#比特币价格走势 Seeing the fund flow data for this week, I feel more at ease. Strategy has been aggressively accumulating over 20,000 bitcoins for two consecutive weeks, and Cathie Wood has also explicitly stated that the crypto market may have bottomed out—these signals reflect that institutional investors are demonstrating what it means to "buy the dip" through their actions.

But what I want to say is, watching what institutions do is important, but more crucial is understanding why they do it. Bitcoin has the strongest liquidity, which means short-term volatility will be the most intense. It is precisely because of this that it has become the preferred entry point for institutions—they have enough funds to withstand this volatility and enough patience to wait for long-term gains. What about us retail investors? Instead of fixating on price fluctuations, it's better to ask ourselves: Is our position reasonable? Are we psychologically prepared to endure future volatility?

Although the net fund inflow this time is positive, let's not forget that Bitcoin has seen inflows of $27.7 billion this year, which is a significant decline from $41 billion in the same period last year. Market sentiment is recovering, but the process of recovery is often long. My advice is, rather than chasing the footsteps of institutions, it’s better to review your own asset allocation—having a reasonable position and a long-term mindset. Doing these two well makes entering the market more worthwhile than ever.