#Strategy增持比特币

**Bitcoin Accumulation Strategy: Rational Layout Amidst Fluctuations**

The current Bitcoin market is experiencing dramatic fluctuations, with prices oscillating between $60,000 and $70,000, and market sentiment is divided. In the face of a complex market, institutional investors and long-term holders (HODLers) are quietly positioning themselves, and the logic behind this new round of accumulation strategies is worth paying attention to.

### 1. Market Status: Value Window in Correction

Since reaching an all-time high of $73,000 in March 2024, Bitcoin has entered an adjustment period, with prices briefly falling below $58,000. On-chain data shows that **whale addresses (holding over 1,000 BTC) increased their holdings by 5.3% against the trend**, and MicroStrategy continues to accumulate to 214,000 Bitcoins, with an average holding cost still below the current price. Technical analysis indicates that strong support has formed near $60,000, and institutional funds view this round of correction as an allocation window.

### 2. Three Core Logics of the Accumulation Strategy

1. **Macroeconomic Liquidity Expectations**

The Federal Reserve's interest rate hike cycle is nearing its end, and CME interest rate futures indicate a 78% probability of a rate cut in September. Historical data shows that Bitcoin has an average increase of 420% during the dollar liquidity expansion cycle. Grayscale's report points out that if the Federal Reserve begins to cut rates, the crypto market will be the first to benefit from the return of funds.

2. **Strengthened Scarcity**

In April 2024, Bitcoin will complete its fourth halving, reducing the block reward to 3.125 BTC/block, with an annual inflation rate dropping to 0.85%, lower than gold's 1.5%. Glassnode monitoring shows that **over 68% of Bitcoin's circulating supply has remained dormant for over a year**, leading to a continuous contraction in the actual circulating supply.

3. **Ecological Value Capture**

The Bitcoin Layer 2 network's Total Value Locked (TVL) has surpassed $1 billion, and the Ordinals protocol has driven a surge in on-chain activity. Institutions like BlackRock and Fidelity are applying for Bitcoin spot ETF options products, and the improvement of access channels in the traditional financial market will bring in incremental funds.

### 3. Practical Operation Framework

- **Dollar-Cost Averaging Strategy**: Invest a fixed amount weekly/monthly to average out costs using fluctuations (recommended to occupy 40% of total position)

- **Event-Driven Accumulation**: Gradually build positions at key points such as Federal Reserve meetings and changes in ETF fund flows (occupying 30%)

- **Grid Trading**: Set limit orders with price differences of 5%-8% in the $60,000-$72,000 range (occupying 20%)

- **Keep 10% Cash for Extreme Situations**