Cryptoquant: Strategy Accumulation Not Necessarily a Sign of Bottoming Out, but Aligns with Market Momentum and Boosts Sentiment

BlockBeats News, August 20th, Cryptoquant released a market analysis stating that Strategy's buy orders do not always coincide with local bottoms and boost BTC prices. They generally buy OTC and settle on-chain in batches. Sometimes this practice aligns with market momentum, boosting market sentiment, but the market depth far exceeds any single transaction.

The best way to interpret Strategy's buy orders is to view their purchases as part of the demand background, and then confirm through ETF flows, spot CVD, and the Coinbase premium on the US trading platform.