#机构投资者比特币配置 Seeing the recent big moves by institutions, I truly feel what a "fundamental shift in market structure" means. Michael Saylor continues to increase holdings, BitMine surpasses 4 million ETH, ETF inflows reach $25 billion… These numbers reflect a profound signal: retail investors are selling, while institutions are buying.

Many people become pessimistic when they see BTC's annual decline of 5.4%, but I see a different story. Institutions are continuously building positions at high levels, not because they are wrong about the market, but because they are not focused on short-term price fluctuations. They are positioning themselves for the future of Web3 and tokenization—a new era where decentralized finance transforms traditional finance.

The paradigm shift from retail speculation to institutional allocation marks the beginning of a new cycle. This is not the top of a bull market, but a moment when power shifts from scattered investors to professional institutions. When the policy honeymoon period arrives, infrastructure becomes increasingly complete, and regulation gradually clarifies, everything is paving the way for the next phase of growth.

The first half of 2026 is worth looking forward to. During this process, remember: the best investment opportunities often appear when most people are bearish. When market structure changes, old logic becomes invalid, and new pricing power is being rebuilt. We are witnessing the true maturation of the crypto market.