#比特币机构配置与囤积 Seeing Cathie Wood's latest views on institutional allocation to Bitcoin, I want to share an important reflection with everyone.

This time, she specifically emphasized Bitcoin's performance during the 1011 flash crash — the most liquid asset, yet the first to be sold off. This may sound like a risk signal, but from another perspective, it precisely illustrates what constitutes a truly "institutional-grade asset." The assets that are sold first during volatility are often short-term funds; those that can withstand liquidity shocks and remain standing are the core holdings.

Institutions are paying attention to a key variable: whether traditional financial giants like Morgan Stanley and Bank of America will officially introduce Bitcoin through ETFs. This is not just information, but a signal — the threshold for institutional access is being systematically lowered.

But what does this mean for us? It’s not about blindly increasing positions, but about reminding ourselves of three things: First, confirm whether your holdings align with your risk tolerance; second, whether your long-term mindset is strong enough — institutions typically operate on a yearly time frame; third, even good assets require reasonable allocation ratios, not all-in.

The ease of judging a bottom can be exciting, but safe allocation is the foundation of long-term gains. Every market shakeout is an opportunity to reassess your investment system.