This recent wave of volatility has probably washed quite a few people out of the market, right? The market has wiped out both the longs and the shorts, and now it's quiet—which might be exactly what institutions want.

A few pieces of news in the past couple of days are worth noting:
A major US bank has started allowing its wealth management division to allocate up to 4% of client assets into Bitcoin, and Vanguard has also relaxed its stance, agreeing to allow its products to trade Bitcoin ETFs. More importantly, there might be new personnel changes at the Federal Reserve, with rumors in the market suggesting a significant chance that Hassett will take over.

You can see the institutions’ strategies just by doing the math—even if only 0.25% of incremental funds flow into BTC, it could bring about $70 billion in buying power over the next two years. Last night, a leading asset management giant moved over 1,600 BTC, and such large-scale portfolio adjustments are rarely done casually.

But don’t just focus on the positives—keep an eye on risks as well:
The Federal Reserve’s policy games are still ongoing, and geopolitical tensions could flare up at any time; if the Bank of Japan really tightens monetary policy, global liquidity will take a hit; if ETF inflows fall short of expectations, the market could easily reverse on you.

The current strategy is actually quite simple—if you’re bullish long-term, just hold spot; in the short term, don’t use leverage to bet on direction. When volatility is high, mentality is more important than skill. There are always opportunities in the market, but you have to survive long enough to see them.