#比特币机构配置与囤积 Looking at Strategy's continuous large-scale purchases over the past two weeks, 21,269 Bitcoins were accumulated in the first two weeks of December. What flashes through my mind is that scene from 2015. Back then, FUD was everywhere, and all kinds of voices said Bitcoin was finished, yet institutions were quietly building positions. History always repeats itself in astonishing ways.

From an average cost of $74,972 to the current sustained accumulation price of $92,098, this is not blind chasing highs but a deep recognition of long-term value by institutions. A holding size of 671,268 Bitcoins and a total cost of $50.33 billion—these numbers reflect confidence and an understanding of the cycle. I have seen too many projects rise and fall, and I increasingly realize one truth: at the most pessimistic moments in the market, truly visionary funds never stop accumulating.

The key is this continuity. It’s not just a one-time purchase, but a rhythm of over ten thousand coins each week for two consecutive weeks. What does this indicate? It shows that institutions are expressing their judgment on Bitcoin’s fundamentals through concrete actions. When the noise is at its peak, those who quietly accumulate often end up laughing last. I’ve been in this market long enough to see many "bottoms" get broken, but what remains unchanged is that deep institutional participation is always the most solid support.