#比特币价格分析 Seeing this news makes me ponder the current state of the market. The views of CryptoQuant's CEO are indeed worth following, and the recovery of institutional investors' confidence will definitely take time. I have been tracking Coinbase's Bitcoin premium situation, which is still negative; this indeed indicates that institutional buying is not yet strong enough.

However, I think this cautious attitude is not necessarily a bad thing. Excessively optimistic sentiment often leads to irrational investment behavior, while a rational market environment is more conducive to long-term investors' positioning.

Recently, I have been following several traders who are good at grasping macro trends. Their operations are relatively conservative, but their win rate is very high. I think in this market environment, when copying trades, more emphasis should be placed on risk control rather than pursuing short-term high returns. After all, staying alive is the most important thing.

Next, I will continue to observe the changes in institutional capital flows, while also appropriately adjusting my following strategy and adding some hedging positions to reduce risk. Remember, the market is always right; what we need to do is to go with the trend, not to bet blindly.