#比特币ETF When I saw this set of data, I paused. The US Bitcoin ETP has only fallen 9% from its peak of $62 billion. This resilience is indeed worth noting—not because the numbers themselves are impressive, but because of the market maturity reflected behind them.

A few days ago, a friend asked me whether to fully bet on Bitcoin at the end of the year since it hasn't risen much. I didn't give a direct answer; instead, I asked a counterquestion: "If gold performs mediocrely this year, would you invest your pension entirely into it?"

This is the core message I want to convey—Bitcoin is gradually evolving from its identity as a "risk asset." Institutional investors are entering through relatively regulated channels like ETPs, and the attitude shift among central banks and large asset allocators is also brewing. This process won't happen overnight, but the trend is already very clear.

Just don't be fooled by short-term fluctuations. The real opportunities often go to those who can patiently allocate and are not swayed by noise. If you have confidence in this asset class, now is a good time to review your positions—not to add more, but to ask yourself: does this proportion truly align with my long-term plan and risk tolerance?

Steady returns often come from steady decisions.