#比特币价格走势 Recently, many analysts have been quite optimistic about Bitcoin's target levels, with expectations ranging from $106,000 to $170,000, covering a significant range. But I want to remind everyone that behind these impressive numbers, there's a case worth our deep reflection—the large holder with a position worth $694 million, whose account now has an unrealized loss of $78.3 million, with only $15.92 million in margin remaining.

This is not to dampen enthusiasm but to share a simple truth: even the smartest market participants can fall into a passive position due to excessive leverage and over-concentration. No matter what the target levels are, those who ultimately succeed are often those who manage their positions well and maintain sufficient risk buffers.

My advice is straightforward: if you are bullish on this round of the market, ask yourself three questions first—What proportion of my total assets is my position? Is my risk buffer sufficient? How much drawdown can I withstand without wavering? Think these questions through, and then decide how to allocate; it's never too late. In the long run, surviving longer is more important than running fast.