#比特币机构配置与囤积 Seeing Strategy accumulate over 10,000 BTC again, I have to be honest. These large institutional allocations of Bitcoin may seem like a good thing on the surface, but we need to be cautious of one issue — when institutions become the main holders, the retail market’s influence is diluted.

I’ve seen too many people fooled by the logic "Institutions are optimistic = project is safe." The truth is, institutions choose Bitcoin precisely because it is the most mature, hardest to manipulate, and has the strongest liquidity, making it the cornerstone for asset allocation. But this doesn’t mean that following other coins is also safe. Just look at Cathie Wood’s statements — Bitcoin is the first choice, Ethereum is the second, and others come with various risks and hidden dangers.

What worries me most is that the market is now focused on whether "Morgan Stanley will allocate Bitcoin." This is a typical FOMO mentality. Once these traditional financial giants really start entering in large numbers, it may indeed push prices higher in the short term, but for retail investors, it’s often already the time to take the loss. I’ve experienced too many false breakthroughs where "institutional entry = bull market coming."

Remember a rule: institutional allocation cycles are very long, and they don’t care about short-term fluctuations. But if retail investors follow their moves and chase the rally, they often end up being the harvested leeks. The safe approach is to stick to core assets, give up the illusion that the market will keep rising, and learn to find your own risk tolerance during the gaps when institutions are entering.