On March 30, CryptoQuant reported that Strategy is currently the sole major buyer of BTC reserves, having accumulated approximately 45,000 BTC in the past 30 days, marking the fastest growth rate in nearly a year. Its holdings account for about 76% of all reserve-type companies. Meanwhile, purchases by non-Strategy entities have dropped to around 1,000 BTC, a decline of about 99% from peak levels, representing only 2% of the total. The new demand is nearly exiting, with the number of purchases by related companies falling to 13 times (down from a peak of 54), indicating a significant reduction in both capital investment and participation, leading to a highly concentrated overall market demand structure focused on Strategy.
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