#比特币机构配置与囤积 Seeing Cathie Wood's latest观点, I am reminded of recent conversations with several investor friends. Many ask me, how should I choose when entering the crypto asset market now? My answer has always been this—

Bitcoin's status is indeed different. It has the highest liquidity and is the preferred entry point for institutional investors into the crypto market, which is no coincidence. During market volatility, it often bears the brunt first and recovers first, backed by market consensus on its value. But what does this also mean? It means that when we allocate assets, we must adhere to principles of position management.

I noticed a detail—ARK only allocates 12%-13% of its portfolio to crypto-related assets. This ratio is worth deep thought. Even the most professional investors would not go all-in on any single sector; their actions tell us that diversification is the foundation of long-term safety.

Recently, traditional financial giants have been observing the developments of Bitcoin ETFs, which could become an important variable in the next phase. But I want to remind everyone not to be blinded by the potential wave of institutional entry. Good decision-making always stems from rational position management and full risk awareness, not from following emotions.

Is the bottom in? Market signals are consolidating, but what we need to do is always stay patient and build a portfolio suited to our risk tolerance. This way, no matter how the market evolves, you can confidently navigate this investment journey.