Looking at the real actions of publicly listed companies, you will know. Currently, those publicly traded companies worldwide hold over 923,000 BTC, with a total value of about $86 billion. More importantly, they are continuously increasing their holdings.

This is definitely not short-term speculation by retail investors, but rather these institutions betting on the balance sheets of the underlying assets with actual actions. Looking at it from another perspective, if it were short-term volatility, why would they keep increasing their positions? Their logic is very clear: hold on and don't move.

The smartest way for retail investors to "copy" is actually to understand what these big institutions are doing. Their patience and commitment to holding positions tell a long-term story in itself. The logic of asset allocation is right there; it depends on whether you can understand it.