#Strategy加码BTC配置 says what about the death cross, these people really haven't thought it through.

A 10-week moving average crossing the 50-week moving average means a 50% drop? The historical pattern is right there, and these so-called forecasters are just using old tricks to predict now. But the question is—are we still in the same market? Clearly not.

Institutions like BlackRock and Fidelity, holding millions of $BTC in spot ETFs, are they using it as toys to dump? No, they call this strategic core holdings. The scale of their positions is unprecedented in crypto history. With so many giant players deeply intertwined, the market’s resilience has completely changed.

Looking at the fundamentals—having endured the high-interest-rate environment of the past two years, the leveraged positions that were destined to fail have already been squeezed out. The current market leverage isn’t nearly as exaggerated. Want to recreate a chain reaction of liquidations? You lack the explosive trigger. The same logic applies to $ETH, $SOL, and others.

The most painful part is that the list of participants in this crash has changed—it’s no longer just retail investors and small funds fighting each other, but institutions are also caught in it. Big institutions want to cut losses, but they have to admit defeat first, and no one can afford that cost. So if something really goes wrong, it will be the institutions that move first, giving us some reaction time.