In the past 30 days, 45,000 BTC have been rapidly purchased. Strategy: this is no longer about adding positions; it’s like directly draining liquidity.

Even more alarming is that 76% of the new demand from reserve companies is concentrated in this one entity.
Meanwhile, other companies’ purchasing activity has almost disappeared, dropping by 99% compared to the peak.
This indicates that the strongest buying force in the market now is not a diverse array of participants but increasingly looks like Saylor alone holding the line.
When prices rise, everyone calls for institutional entry.
But if in the end only one major buyer continues to buy, this is not healthy demand expansion; it’s a single-core drive.