At the current price of Bitcoin, if it drops another 5%, the initial build a position cost of those large institutions will be breached. Do you think they won't panic?

Will it continue to drop? Looking at the monthly chart, the downward pressure is still present. What are the possibilities? The probability of a short-term intraday rebound is quite large—after all, it has already pulled back nearly 5% today. But what about after this rebound? There's a possibility of another round of a 7% adjustment.

To be honest, the real bottom is not achieved overnight. Do you remember the last cycle? It dropped from over 60,000 all the way down to around 15,000, and even when it reached the low point, it had to grind sideways for a while; it wasn't possible to just hit the bottom and have a V-shaped reversal. Now? Clearly, we are not at that stage yet.

So the strategy is simple: don't rush to buy the dip. Slowly build a position in batches; time is on the side of the patient. When the true bottom structure appears, you will see it very clearly.