According to Lookonchain monitoring, in the past week BlackRock's IBIT has accumulated 16,975 Bitcoin, approximately $1.17 billion, while the price of BTC has also risen more than 8% in the past week.

This level of increase is actually not closely related to retail investors; it is driven by institutions. Are institutions being too foolish or are retail investors too clever?

Currently, there are many retail investors who have not entered the market; since March, the habitual decline has made retail investors accustomed to it, creating a bearish mindset, believing that any rise will inevitably lead to a fall.

Therefore, after this wave of increase, they are all eagerly waiting for the market to return to $60,000 or even over $50,000. It is indeed very cruel now, and the probability of the market returning to this level is actually very low.

Of course, we cannot rule out the possibility of the market continuing to wash out positions; if it continues to return to $60,000 or even washes out positions suddenly, we are already prepared, as we still have cash on hand to buy the dip, and we are not panicking at all.

However, from a probability perspective, the chances of returning to this level are very small.

Since BlackRock dares to buy at this level, regardless of whether the market rises or falls in the short term, it is believed that following their rhythm will not be wrong, at least at this stage.

The scenery we see and the scenery BlackRock sees are definitely not the same; any movement of their funds will attract market attention, so there are basically no secrets to speak of.

From this perspective, we can basically rule out the possibility of BlackRock trying to induce higher prices; their capital is too large, and they will only invest for the long term, rather than engage in crazy short-term trading.

Therefore, as retail investors, since we are already in the market, what is there to fear? Market fluctuations are very normal; we can simply disregard them.