Recently, despite many people's expectations for the Fed to cut interest rates, the U.S. stock market continues to hit new highs, and the dollar exchange rate remains relatively high. It is worth noting that a large number of ETF holders are still looking for the right opportunity to trap.

During the process of Bitcoin rising from 15,000 USD to its current level, most ETF institutional investors remain in a holding position. Once market conditions are favorable, these investors are likely to start cashing out in batches.

For short-term traders, there is still room for maneuver in the current market. However, from a long-term investment perspective, investors need to possess higher skills and insights. In this complex market environment, investors should closely monitor global economic indicators, regulatory policy changes, and the movements of institutional investors to make informed investment decisions.

Overall, the current cryptocurrency market presents a subtle state of balance. On one hand, we have seen strong upward momentum; on the other hand, the potential profit-taking pressure cannot be ignored. Investors need to find a balance between short-term opportunities and long-term risks, developing an investment strategy that aligns with their risk tolerance.