Data reveals an interesting phenomenon: in December alone, large investors' addresses accumulated approximately 270,000 Bitcoins - the largest monthly scale since 2012. During the same period, the outflow speed of Bitcoin from exchanges also significantly accelerated, and the market circulation supply became increasingly tight.

What does this indicate? On one hand, those long-term holders are expressing their stance through action – despite significant short-term macro fluctuations, they are continuously increasing their positions. On the other hand, this increase in concentration means that once market sentiment shifts, the amplitude of volatility may be greatly amplified.

For ordinary investors, this is a double-edged sword. On one hand, there is potential upside waiting, while on the other hand, the risks associated with locked-in positions are also rising—the price fluctuations in the future may be more intense than ever.

The key question arises: how can one participate in the market's upward opportunities without being caught off guard by volatility? The answer may still lie in the fundamentals – establishing a balanced asset allocation. It’s not just about betting everything on volatile assets like Bitcoin, but also allocating some truly stable assets. This is why stablecoins are becoming increasingly important at this stage – they provide the certainty that ensures assets do not depreciate, regardless of how the market plays out or how coin prices fluctuate. In an era where large investors are intensively building positions, the role of such stable assets becomes particularly prominent.