#比特币机构配置与囤积 Looking at this week's listed company accumulation data, the pace at which institutions are hoarding Bitcoin is becoming increasingly obvious. Strategy has just invested another $960 million to buy 10,624 BTC, now holding over 660,000 coins. This is not investment; it's core asset allocation for the balance sheet. Twenty One Capital revealed 43,500 BTC on its first day of listing, clearly treating BTC as the company's "second cash reserve."

The key point is, this is no longer the lonely celebration of a few aggressive players. From Lion Group to ProCap to Shuntai Holdings, the entire camp is changing — multi-chain allocation has become the norm, with ETH and FIL also included. What does this mean? Institutions are no longer betting solely on the appreciation of a single asset but are using crypto assets to transform the capital structure of traditional companies.

From a copy-trading perspective, this is actually a signal. When a large amount of institutional funds start accumulating Bitcoin long-term and establishing multi-chain exposure, the market's liquidity and risk appetite will adjust accordingly. The old short-cycle aggressive trading strategies may need optimization — you need to find traders who can adapt to institutional building-up rhythms and are willing to hold long-term positions, rather than those chasing intraday high-frequency turnover.

Recently, I have been adjusting the allocation weights in my copy-trading portfolio, increasing the proportion of low-volatility, long-hold cycle traders. Practice has shown me that when the macro environment shifts from retail speculation to institutional allocation, following the right people is more important than following the right market.