Recently, there has been a hot topic in the Bitcoin community—US Bitcoin ETF experienced nearly $800 million in net outflows during Christmas week, leading many to worry that institutions are panicking and fleeing. Actually, this phenomenon isn't that scary; we need to look at it more clearly.

Let's start with an interesting contrast: although the outflow scale is indeed significant, Bitcoin's price remains stable around $87,000. What does this indicate? It’s not that large institutions are panicking and selling off. The real situation is that, at the end of the year, institutions are conducting "year-end financial reconciliation" and adjusting their holdings. Plus, with the holiday approaching, the entire market is trading lightly. This is a common seasonal pattern and has no direct relation to a market reversal.

It’s worth noting that this is the sixth consecutive day of outflows, setting a record since autumn. But among institutional investors, this pattern is well understood—there’s always outflows around the holiday season at year’s end. The true signal to watch for market direction is whether funds will flow back in early January next year, which will truly reflect the next move of the market.

So, how should we respond now? The key is to "wait." Don’t react excessively to the outflows with frequent trades; what the market currently needs is liquidity recovery. Use this relatively calm period to do two things: first, calmly observe subsequent movements, focusing on the actions of institutional funds in early January, as that is the prelude to the new year’s market; second, research potential investment opportunities and refine your trading plan.

When the market resumes normal trading rhythm and the trend becomes clearer, seize the opportunity of possible "funds flowing back." Volatility is an eternal feature of the market; patience is the key to winning.