#比特币机构配置与囤积 Seeing Cathie Wood's remarks, I realize they touch on several follow-up signals I've been observing recently.

During the flash crash on 1011, I noticed while reviewing the account performance of a few top traders—that traders holding BTC exposure showed significantly stronger resilience, recovering faster even after a drawdown. This perfectly aligns with her statement that "Bitcoin has the strongest liquidity." In contrast, other coins experienced much larger declines, giving me a very intuitive insight: when splitting positions for follow-up trading, the core holdings should still be in BTC. For those with higher risk appetite, a ratio of 3:2:1 for BTC, ETH, and SOL can be considered.

What's even more interesting is her mention of the "institutional ETF entry" variable—this is actually an important reference for my future choice of follow-up targets. Once giants like Morgan Stanley and Bank of America officially enter, there will inevitably be a group of敏锐的 traders who will position themselves early. These traders usually have stable styles, controllable drawdowns, and are particularly worth following.

From a portfolio perspective, currently about 12-13% of her investments are in crypto. This ratio itself hints at her risk management stance—being aggressive doesn't mean going all-in. I've also been adjusting my follow-up position logic recently; traders with different risk tolerances should have different allocation weights.

In short, the market may have bottomed out, but a bottom does not equal a surge. This point tests who can hold steady before institutional entry truly begins. My focus remains on those core BTC allocators who also have a clear view of Layer 2 narratives.