#比特币市场动态 After reviewing the analysis from Bitwise Advisors, the current market situation is indeed a bit awkward — OG whales are selling off, new demand is slowing down, and these two forces are pulling in opposite directions. Bitcoin is caught in the middle. What's more painful is that volatility has plummeted from 63% to 44%. Behind this data tells a story: the market is losing its enthusiasm.

Recently, I’ve been reviewing copy trading records and found that many experts tend to stay on the sidelines or significantly reduce their positions in this environment. An aggressive trader has stopped opening new positions in the past two weeks, while conservative traders are gradually building positions, waiting for that "either volatility or death" moment to truly arrive.

This gave me an insight — in the current environment, instead of stubbornly sticking to one trader, it’s better to adjust the allocation strategy. You can try reducing the copy trading proportion of high-risk traders, while leaving room for those traders who are risk-controlled and patient in their layout. When volatility rebounds, they often react faster.

Keep an eye on when this structure will break. Once implied volatility starts to rise again, it might be time to reconfigure your copy trading portfolio.