CryptoQuant: Bitcoin institutional demand is being monopolized by a single player

According to the latest X post analysis released by CryptoQuant, the demand for Bitcoin reserves is showing a highly concentrated characteristic, currently driven entirely by Strategy.

The analysis points out that in the past 30 days, Strategy has accumulated about 45,000 Bitcoins, while other Bitcoin treasury companies' purchases during the same period were only about 1,000, indicating a continuous decline in participation from other players.

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

The high concentration of Bitcoin reserve demand has also increased the market's dependence on a few large traders, which may affect the stability of Bitcoin prices and market liquidity.

Another post and chart from CryptoQuant also visually demonstrate this trend. Single buyer market data shows that Bitcoin reserve activities have sharply declined since October 2025, reflecting that the current market structure properties are undergoing fundamental changes.

Overall, the current Bitcoin market price is at a critical turning point, and the changes in market structure and highly concentrated characteristics of Bitcoin reserve demand are reshaping the entire supply and demand pattern and price discovery mechanism of the market.

This trend not only changes the traditional market participation model but also indicates that future price formation will rely more on a few key players. In the future, breaking the monopoly and attracting more diversified institutional participation will become key to achieving balanced development in the industry.

#Bitcoin