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

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

Currently, there are a lot of retail investors who have not entered the market. Since March, the habitual decline has made retail investors accustomed to it and has led to a mindset of decline, believing that every rise must fall.

Therefore, after this wave of increase, everyone is eagerly waiting for the market to return to 60,000 or even more than 50,000. It is indeed very cruel now; 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 continues to return to 60,000 or even washes out quickly, we are already prepared for that; if it falls, we still have cash on hand to buy the dip, and we are not panicked at all.

However, probabilistically speaking, the chances of returning to this position are very small.

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

The scenery we see and the scenery BlackRock sees must be different; 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 inducing a high; their capital is too large, and they only invest for the long term, not madly buying and selling in the short term.

Therefore, as retail investors who are already on the bus, what do we have to fear? Market fluctuations are very normal; we can just look down on them.