I’ve recently been reexamining my $BTC position logic—not because of the price, but because Citi is set to launch a Bitcoin custody service. To be honest, among the traditional large banks, Citi has always been relatively cautious. This time, willing to step in and handle custody doesn’t feel like mere probing—it feels more like they’re being pushed by client demand. For institutions that want to allocate to Bitcoin, the core obstacle on the compliance side is custody: without a regulated custodian, it’s difficult to properly implement audit, insurance, and risk control. Now that Citi has opened its mouth, it’s essentially handing the key to these institutions. My view is that this has more signal value than a one-off ETF inflow, because custody is the underlying infrastructure. Once the base layer is connected, the frictions for pensions, family offices, and even sovereign wealth funds to enter should be far smaller. In the short term, the market is still tangled up in the Fed and macro data, but BTC’s buyer structure is already changing: it used to be dominated more by retail investors and speculative capital, whereas now the compliant entry points of traditional finance are opening up. I won’t add to my position just because of a single headline, but I will raise the weight of BTC in a long-term portfolio. Next, we’ll watch three things: the rollout timeline for Citi, the custody fee rates, and whether other major banks quickly follow suit. If all of these come to fruition, the probability is that BTC’s bottom will be lifted layer by layer, and the downside room for drawdowns will be smaller than before. For me, this isn’t ordinary news flow—it’s a turning-point signal worth taking seriously. Citi moving into custody is a key step for Bitcoin to move from the margins to mainstream asset balance sheets, and it deserves a longer time horizon.