# 机构采用与配置

#机构采用与配置 Galaxy's report is interesting not because of the $250,000 figure, but because of the line "2026 may be relatively dull."
Looking at options pricing makes it clear — at the end of June, the probability of BTC falling to 70,000 or rising to 130,000 is equal; by the end of the year, the probability of falling to 50,000 or rising to 250,000 is also equal. This extremely wide volatility range precisely indicates that institutions are still in the testing phase and haven't formed a unified expectation. But this is the key information: the degree of institutional participation is increasin

#机构采用与配置 This report from Citigroup is very interesting and worth a careful read. Lowering target prices may seem pessimistic, but in fact it reflects Wall Street's process of returning from frenzy to rationality — this is not bearishness, but a more pragmatic attitude.
Remember the 2017 bull market? When institutions entered, everyone was talking about the ceiling, but after the 2018 crash, many exited. This time is different. Citigroup maintains a positive outlook on the industry while lowering the valuations of some stocks, indicating they are doing something more important: screening and

#机构采用与配置 Wow, institutions are really quietly changing their tune 🔥
Previously, everyone was dead set on whether BTC prices could break new highs. Now, institutional analysts are collectively shifting their focus to deeper issues—the potential end of the four-year cycle of Bitcoin. This is the real key!
Looking at the latest data, Coinbase’s BTC premium has been persistently negative, exchange fund inflows have surged to a new high since May 2021, and the monthly foreign exchange trading volume reached $10.9 billion... all pointing to one signal: big capital is not bottom-fishing but cashing

#机构采用与配置 Recently, I came across some analyst predictions and couldn't help but get excited. Bitcoin has stabilized around $84,000 after a pullback from its high, and the relative strength index has fallen below the oversold level—this signal has appeared 5 times in history, and each time it was followed by a bullish trend. If history repeats itself, we could see a surge to $170,000 within three months.
But what truly gives me hope is not just this technical rebound opportunity, but the bigger story behind it. The growth trajectory of crypto ETFs is extremely optimistic, with major brokerages

#机构采用与配置 Recently, I came across some interesting data — the willingness of high-net-worth individuals to increase their digital currency holdings in the next year reaches 25%. What does this mean? Institutions and major players are starting to seriously position themselves.
Key observation: Their current allocation in digital currencies is only 2%, but they plan to increase it to over 6%. This is not a small move; it’s real capital flowing in. When large funds start entering and adjusting their positions, opportunities in the ecosystem multiply — increased funding for new projects, rising de

#机构采用与配置 Recently, I have been repeatedly analyzing exchange fund flow data. The monthly trading volume surged to $10.9 billion, reaching a new high since May 2021 — this signal should be taken seriously.
From on-chain flow perspective, this is not an early accumulation pattern; instead, it indicates profit-taking and position hedging. Coinbase premium has remained negative for a long time, which does not signal capitulation but hesitation — capital is in place, but the willingness to chase prices is clearly lacking. This means institutional fund inflows are being absorbed by long-term holder

#机构采用与配置 Recently, Citibank's report left me a bit confused. They downgraded the target prices of some crypto stocks but then said they are optimistic about the entire industry? 🤔 What does that really mean...
Later, I figured out that the underlying logic is that institutions and traditional financial giants are about to enter the market! Citibank analysts mentioned that projects like Bullish will benefit from the increasing participation of institutional investors, especially large capital in the US. This is quite interesting — a short-term price decline might be just volatility, but in th

#机构采用与配置 Seeing this wave of analyst predictions, I need to calmly pour some cold water. $1.7 million in three months? Sounds tempting, but this is a classic example of the "institutional adoption narrative" being used as a storytelling device.
I've had too many falls in this market. Repeating historical patterns, RSI oversold rebounds, ETF capital inflows... These points all sound correct, but the problem is—before each market move, analysts always say "this time is different." And what’s the result? Those chasing predictions end up as bagholders.
What’s truly worth paying attention to is th

#机构采用与配置 Seeing the recent discussions about institutional accumulation, I want to share an observation: what the market is experiencing is not the "top panic" we might imagine, but a deep structural reorganization.
Data clearly illustrates the point—by 2025, retail investors will have exited 66%, while institutional holdings will account for 24%. What does this mean? It signifies a shift in dominance. Even more interestingly, although BTC has fallen 5.4% throughout the year, ETF inflows have reached $25 billion. This seemingly contradictory phenomenon actually tells a story: short-term price