According to Lookonchain monitoring, in the past week, BlackRock's IBIT has cumulatively increased its holdings by 16,975 Bitcoins, approximately $1.17 billion, while the price of BTC has also risen by over 8% in the past week.

This extent of increase is actually not much related to retail investors; it is all driven by institutions. Are the institutions too foolish or are the retail investors too smart?

Currently, there are many retail investors who haven’t entered the market. The habitual decline since March has accustomed retail investors to a bearish mindset, believing that every rise will be followed by 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 position is actually very low.

Of course, we cannot rule out the possibility of the market continuing to wash out. If it goes back to $60,000 or even washes out, we are already prepared. If it falls, we still have cash to buy the dip, so we are completely unfazed.

However, from a probabilistic standpoint, the chance of returning to this position is very small now.

Since BlackRock dares to buy at this position, regardless of whether the market rises or falls in the short term, I believe following their rhythm is not a mistake, at least at this stage.

The scenery we see is definitely different from what BlackRock sees. Any movement of their funds will attract market attention, so there are basically no secrets.

From this perspective, we can basically rule out the possibility of BlackRock inducing a high. Their capital is too large, and they will only invest for the long term, not engage in frantic short-term trading.

Therefore, as retail investors, since we are already on the bus, what do we have to fear? Market fluctuations are very normal; we can simply disregard them.