#比特币价格走势 Seeing Strategy buy more than 10,000 Bitcoins for two consecutive weeks, with a total investment of nearly $2 billion, the operation logic is very clear—institutions are voting with real money. Even more interesting is that products shorting Bitcoin have been outflowing for the second week in a row, and the shift in capital flow signals is already very clear.

I highly agree with Cathie Wood’s view that Bitcoin’s liquidity is strongest in extreme market conditions—this is an iron law. It is precisely because of this characteristic that it naturally becomes the entry point for institutions to allocate crypto assets. According to CoinShares data, the US market saw inflows of $796 million last week, a volume that retail investors alone cannot sustain.

But there is a detail worth pondering: Bitcoin has accumulated $27.7 billion in inflows this year, compared to $41 billion in the same period in 2024, a significant shrinkage. What does this indicate? The cautious attitude of institutions still exists. It’s not that they see the bottom and rush in all at once, but rather they are deploying in batches and stages. If I were to judge the adjustment of follow-trade strategies, at this stage, the proportion of following aggressive traders should be increased, while maintaining stop-loss logic—institutional deployment does not mean there is no room for short-term pullbacks.

Ethereum’s capital performance is much more impressive than Bitcoin’s, with $13.3 billion inflow this year and a 148% year-over-year growth. This gives me an insight: when splitting positions for follow-trading, consider increasing the weight allocation to Ethereum-related strategies. The flow of capital is the most authentic thermometer of market sentiment.