The market is currently at an interesting juncture. Bitcoin prices look pretty good, and the sideways consolidation seems quite stable, but if you pay close attention, you'll notice some details hinting at a different story. Especially regarding the flow of funds in the US, I think we can't ignore it.

Several on-chain indicators I've been tracking show that institutional funds in the US have been active recently. The most obvious signal is: a large amount of chips are continuously flowing out from mainstream trading platforms. This outflow isn't a one or two-day event; it's a relatively sustained process.

What does this mean? It indicates that some large funds are taking advantage of the price still holding steady to reallocate or realize profits. The current price seems stable, but once this outflow truly develops into a trend, it could have a strong impact on market psychology. For example, you see a ship that appears calm on the surface, but the anchor underneath is slowly loosening—looks fine, but once it starts drifting, everything changes.

The market now just needs a clear trigger point. Everyone is waiting for the next move. My personal feeling is that this "storm is brewing" state is more testing of people's mental resilience than a direct sharp decline. Because you don't know when it will move or how it will move, this uncertainty is often more crushing than short-term violent fluctuations.

Regarding how to respond, I want to share a few real thoughts with friends who have just entered the market (these are all my own explorations and for reference only).

First is about money. Never think about going all-in at once. My principle is that any investment should only use a small part of your reserve funds. The specific ratio varies from person to person, but the core standard is one: even if this money is completely lost, your quality of life won't be affected. In other words, you must be able to sleep peacefully. Living expenses, rent, and such money must never be touched; once you use these, your mindset will immediately distort, and all decisions will be compromised. Risk management isn't about being timid—quite the opposite—it's about ensuring you can survive longer in this volatile market.