CryptoQuant: Institutional Demand for Bitcoin Is Being Monopolized by a Single Player

According to the latest X post analysis from CryptoQuant, Bitcoin reserve demand is showing highly centralized characteristics, currently driven entirely by Strategy.

The analysis indicates that over the past 30 days, Strategy has accumulated approximately 45k Bitcoins, while other Bitcoin treasury companies have only purchased about 1,000 during the same period, suggesting that participation from other players is continuously declining.

From a market structure perspective, current Bitcoin treasury companies' Strategy holds about 76% of Bitcoin, and this highly concentrated holding indicates a lack of broad institutional demand support in the market.

The high concentration of Bitcoin reserve demand also increases market dependence on a few large traders, which could impact Bitcoin's price stability and market liquidity.

Another post and chart from CryptoQuant also visually demonstrate this trend. Market data shows that Bitcoin reserve activity has sharply declined since October 2025, reflecting fundamental changes occurring in the current market structure.

Overall, the current Bitcoin market price is at a critical turning point. The structural changes and high concentration in Bitcoin reserve demand are reshaping the entire market's supply and demand dynamics and price discovery mechanisms.

This trend not only alters traditional market participation models but also indicates that future price formation will rely more on a few key players. Moving forward, breaking the monopoly and attracting more diversified institutional participation will be key to the industry's balanced development.

#Bitcoin