#机构比特币持仓策略 Seeing BitMine increase its holdings of ETH by $199 million against the market Fluctuation, I thought about the concerns many investors have now—when market sentiment is mixed, with some doing shorting and others buying, how should we make our judgments?

Here is a detail worth considering: BitMine's holding of spot assets is a long-term strategy, while "smart money" is making short-term bets. The time dimensions of the two are completely different. The institutional phased layout supported by fundamentals and the intraday fluctuation operations of traders are essentially two different games.

I often tell my friends that a sound asset allocation is never about who shouts the loudest, but rather about whose logic can withstand the test of time. The reasons for BitMine's increased holdings—the technological advancements brought by the protocol upgrade and the improvement in the macro liquidity environment—these factors will not disappear due to shorting in the short term. On the contrary, it is precisely during these moments of greatest divergence that our mindset is tested.

There are many voices in the market now, but for your strategy, it still comes down to two fundamental questions: How long do you need your funds to work? How much Fluctuation can you tolerate? The answers to these two questions are different, and the approach to the market should be completely different. Blindly following institutional buying and rationally allocating according to your own risk tolerance are two different things.

In the long run, the strength of the fundamentals will become apparent. In the short term, stabilizing your mindset may be more important than chasing every market signal.