#比特币机构配置与囤积 Observing the strategic allocations and movements of institutions like ARK, I want to share some insights.

Last week, Strategy added over ten thousand more bitcoins to its holdings, bringing the total to over 670,000 bitcoins—this figure reflects not short-term speculation but institutional confidence in the long-term value of the asset. More notably, Cathie Wood explicitly stated that Bitcoin should be prioritized in institutional asset allocation. This is not an emotional declaration but a rational conclusion based on liquidity, risk characteristics, and market position.

However, I want to emphasize what large-scale institutional allocations mean for us. Many people see these news and want to follow suit with leverage, but this is a misinterpretation. The reason institutions can hold such large positions is precisely because they practice thorough position management and risk control—they are not going all-in at once but are deploying their assets gradually over a long cycle.

From the market volatility in November to now, what we should learn is that signals of market bottoming often appear in behaviors like "institutions continuously buying." But this is not a reason to rush and chase the high; rather, it’s a reminder to adopt a longer-term perspective on allocation. If you don’t have a clear position plan, instead of envying institutional moves, ask yourself: what is the maximum drawdown I can tolerate? How long is my investment horizon?

Steady asset allocation is never about who acts fastest, but who persists the longest.