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#加密市场流动性 This wave of institutional MSTR sell-offs is anything but simple! $5.4 billion in scale, and they actively reduced their holdings even when both Bitcoin and MSTR’s prices were relatively stable. Looks like the Wall Street bigwigs really want to try a different approach. They’re shifting from this kind of indirect investment like MSTR to more direct Bitcoin exposure, such as spot ETFs and custody solutions. Gotta say, these institutions are truly sharp—they switch gears the moment a new opportunity arises. As for us regular folks, we’ll just keep watching from the sidelines and see if this move brings any new changes to the market.