The recent revelations from BlackRock’s head, Larry Fink, have made me reassess the market. When Bitcoin pulled back to the 80,000 range, some sovereign wealth funds began building positions in batches. They didn't enter the market with big bets, but rather accumulated gradually with each dip.

This approach is intriguing. Why are these "national teams," managing trillions in assets, choosing to accumulate slowly during a downward trend?

The answer may be simple—they have never been after short-term gains over three to five months. Their real goal is long-term allocation. While retail investors panic sell, institutions systematically accumulate. When emotions dominate the market, tokens shift from weak hands to patient hands.

This reminds me of the period before the 2020 bull run. Back then, institutions were quietly laying out their positions, and by the time the market caught on, prices had already doubled. The script may not be identical, but the underlying logic is eerily similar.

For ordinary investors, the biggest fear right now isn’t unrealized losses, but being shaken out by volatility. Stay calm during sharp declines, consider adding to your position in moderation during pullbacks, and most importantly, don’t let short-term fluctuations disrupt your long-term strategy.

The market always tells the same story: some people panic and hand over their chips, while others complete their accumulation amid chaos. The real risk isn’t the downturn itself, but losing patience in the bottom range.

The pain of missing out is often greater than being stuck with losses. If you’re holding losses, there’s still hope for recovery; if you miss out, you watch opportunities slip away. The problem isn’t whether the market gives you opportunities, but whether you can stay steady at critical moments.