After continuously holding a Heavy Position in Bitcoin, institutions have recently changed their strategy—no longer continuing to buy, but instead starting to hoard cash. This shift may seem like a retreat, but it actually reflects a more pragmatic consideration. The uncertainties in the market are increasing, and maintaining sufficient cash reserves can make the balance sheet more robust, allowing more leeway to respond to potential risk Fluctuations. This does not mean they are bearish on Bitcoin's long-term prospects; they have simply chosen a more cautious pace under the current circumstances. Short-term tactical adjustments and long-term strategic adherence are not contradictory.