#比特币价格走势 Seeing Saylor again posting Bitcoin Tracker information, I’m all too familiar with this routine. Every time such signals appear, the next day there’s an announcement of increased holdings, which has become his "operational habit." The problem is, many people see continuous institutional buying and start FOMO, unaware that the underlying logic needs to be carefully unpacked.

Grayscale’s report is correct; government debt expansion and fiat devaluation indeed drive demand for BTC allocation. But this doesn’t necessarily mean prices will rise. I’ve seen too many people get caught up in the "institutions are optimistic" narrative, ignoring a core issue: the cycle of institutional accumulation and retail buying times are often misaligned. They have already positioned themselves; by the time you see the news and want to follow the trend, they’re already considering selling at high levels.

The key points to watch are twofold. First is the real pace of accumulation—Saylor didn’t increase holdings last week; instead, he hoarded USD. What is he waiting for? Second is regulatory expectations—Grayscale says there will be progress on the bill in early 2026, but that’s next year. Isn’t jumping in now a bit premature?

Long-term allocation of BTC is fine, but don’t be fooled by short-term institutional movements. Their "strong demand" is based on a longer time horizon, which retail investors can’t keep up with. Instead of just looking at signals, ask yourself how much of a pullback you can truly withstand.