#比特币现货ETF Seeing the discussion among analysts with differing opinions, I thought of a very important point—different investment goals indeed require different strategies.

Tom Lee serves large institutional investors who allocate 1-5% of their assets to Bitcoin; they need a long-term perspective and high discipline. Another analyst targets clients with over 20% of their portfolio in crypto assets, adopting an active rebalancing strategy. Neither approach is right or wrong; the key is to match it with your actual situation.

I want to remind you that the emergence of spot ETFs has indeed improved Bitcoin's accessibility, but it doesn't change a fundamental principle: position management always comes first. No matter how the market unfolds or how analysts differ, you need to ask yourself three questions—how much volatility can I tolerate? Is this money idle funds? Can my mindset withstand the "no man's land" test?

Bitcoin is currently in a fuzzy valuation zone, with policy risks, liquidity pressures, fund redemptions, and other factors present. This is not bearishness but risk management. Long-term opportunities may appear during adjustments, but the prerequisite is that you live long enough and maintain a stable mindset. Instead of chasing short-term rebound expectations, it's better to first ensure your asset allocation can withstand the test.