A recent interesting phenomenon worth noting: institutional investors are continuously increasing their Bitcoin holdings. In late December, a leading institution added approximately 1,229 Bitcoins, spending nearly $108.8 million, with an average price around $88,568. This move pushed their total holdings to 672,497 Bitcoins, with a historical average cost basis of about $74,997.

What does this reveal? To put it simply, market sentiment is still swinging, but the funds truly willing to bet are still pouring in steadily. In the short term, this won't immediately push prices higher, but from a long-term narrative perspective, it's a very strong signal—institutions are demonstrating through action the value of Bitcoin as a reserve asset. They continue to buy firmly during price pullbacks and market cooling, which will reinforce the perception of "BTC=institutional-grade asset" and provide psychological support at critical points.

To be clear: there is a cost to this institutional buying. They usually raise funds through secondary offerings or ATM sales, and the market worries about dilution, so buying Bitcoin doesn't necessarily mean the stock price will rise. Retail investors blindly following these signals face significant risks; instead of treating them as trading signals, it's better to see them as indicators of capital attitude.

Here's how to operate practically: don't be emotionally driven. Learn to grasp the rhythm. If you're optimistic about Bitcoin's medium- to long-term prospects, you can use institutional actions as a reference for phased buybacks during pullbacks, according to your risk tolerance for dollar-cost averaging; for short-term trading, stick to support and resistance levels—don't chase rebounds, and exit if the level breaks—staying alive and exiting is always more valuable than betting on the market direction.