CryptoQuant: Bitcoin Institutional Demand Being Monopolized by Single Player

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

The analysis points out that over the past 30 days, Strategy has cumulatively purchased approximately 45,000 Bitcoin, while other Bitcoin treasury companies' purchases during the same period were only about 1,000, indicating that participation from other players continues to decline.

From a market structure perspective, the current Bitcoin treasury company Strategy holds approximately 76% of Bitcoin, and this highly concentrated holding situation means the market lacks broad institutional demand support.

The high concentration of Bitcoin reserve demand has also strengthened the market's dependence on a small number of large traders, which could impact Bitcoin price stability and market liquidity.

Another CryptoQuant post and chart also intuitively displays this trend. Single buyer market data shows that Bitcoin reserve activity has declined sharply since October 2025, reflecting that the current market structure characteristics are undergoing fundamental changes.

Overall, the current Bitcoin market price is at a critical turning point. The market structure changes and high concentration characteristics of Bitcoin reserve demand are reshaping the entire market's supply-demand landscape and price discovery mechanism.

This trend not only changes traditional market participation patterns, but also suggests that future price formation will increasingly depend on a small number of key players. Going forward, breaking the monopoly and attracting more diversified institutional participation will become key to the industry's balanced development.

#Bitcoin