#现货比特币ETF MSTR's long-term holding declaration is worth following. The CEO clearly stated that they will hold at least until 2065, which reflects institutions' confidence in the long-term value of BTC and is also a strategic positioning in response to the impact of the Spot ETF.

From an on-chain perspective, the movements of large holders often serve as a barometer of market confidence. MSTR, as a publicly traded company, has a correlation with BTC that makes it a proxy indicator of institutional allocation intentions. A long-term accumulation strategy implies a lower probability of short-term selling pressure, which has reference significance for expectations of capital flows.

The emergence of Spot ETF has changed the entry path for institutions, but it has not altered the allocation logic of core players. On the contrary, this clear long-term commitment may strengthen the market's recognition of BTC as an asset allocation target. We need to continuously monitor the changes in holdings of large addresses, as well as whether the net inflow of ETF continues — only this combination of data can truly reflect the actual attitude of institutions, rather than just looking at verbal statements.