Still wondering if it's too late to enter Bitcoin now? You might be overlooking some deep-seated changes happening in the market.

According to the latest disclosures, a major American bank with an asset management scale approaching $2 trillion — Wells Fargo — has invested $383 million in Bitcoin ETFs. This is not a bullish forecast from an analyst, nor a recommendation report from a fund manager, but a clear, black-and-white flow of actual funds.

What does this indicate? The decision-making logic of banks is completely different from retail investors. They are not swayed by emotions, nor do they gamble on luck. When a financial institution of such size begins allocating to BTC, you need to understand the implications — Bitcoin is gradually being incorporated into the traditional financial asset allocation framework.

Look at a few key trends right now, and it becomes clear:

ETF products are continuously absorbing liquidity from the spot market, which means retail investors have fewer Bitcoin available to buy. When listed companies explicitly include Bitcoin in their financial statements, it indicates that large institutions are already treating it as a legitimate asset. Central bank-level institutions and commercial banks are entering the market one after another, forming a top-down wave of allocation.

But at the same time, most individual investors are still waiting for lower prices. This is a structural divergence in the market: some are building positions, others are waiting on the sidelines, and chips are slowly being locked in.

History always repeats itself in this cycle. When most people start to think, "It's safe to buy this now," the price has usually already moved far away from the starting point. The pendulum of panic and greed will never swing in sync.

Think from a different perspective: if banks with assets of $20 trillion are buying Bitcoin, do you still believe this wave of market movement has fully unfolded? Or, has it really already ended?