#比特币机构配置与囤积 Seeing Cathie Wood's recent views, I am reminded of an old story. A few years ago, a friend was fully invested in crypto assets at a high point, and as soon as a correction happened, his mindset collapsed. He also missed the subsequent rebound. Another friend, however, maintained a consistent allocation of about 15%, and he remained relatively calm through each fluctuation.

The flash crash on 1011 gave us a good reminder. Although Bitcoin has the highest liquidity, it is also often the first to be sold off because of this. Other assets experienced even larger declines. What does this indicate? It highlights the importance of position management and asset allocation. Why do institutions prefer Bitcoin? Not just because of its narrative and potential, but also because of its liquidity and relative stability.

The key now is whether traditional financial institutions will officially enter the market through ETFs. This could indeed change the landscape, but before all the dust settles, I suggest friends ask themselves a few questions: How much of your total assets are in crypto? Does this proportion allow you to sleep peacefully? When the market fluctuates, is your mindset stable enough?

The market may have already bottomed out, but bottoms often take time to confirm. Instead of chasing perfect entry points, it’s better to build long-term positions with a steady pace. Time will reward those who are patient.