Smart money refers to funds controlled by professional institutions, seasoned traders, hedge funds, or informed investors. Its core characteristics are having an informational advantage, being highly strategic, and not blindly following the crowd, in contrast to dumb money from ordinary retail investors.

Simply put, holders of smart money are usually able to obtain key market information in advance, such as industry policies or changes in asset fundamentals, or possess professional analytical abilities, like using technical indicators or arbitrage models to judge market trends. Their operations are more rational and may involve contrarian strategies, such as buying the dip during market downturns, making long-term value investments, or profiting through complex strategies like hedging or basis trading, rather than chasing gains or panic selling. #十二月行情展望