MicroStrategy has swept up 45k BTC in the past 30 days, marking the fastest accumulation pace in nearly a year, and has become the dominant force in Bitcoin reserve demand.

Currently, one company alone accounts for 76% of all reserve-holding corporate positions.
In contrast, other companies have only bought about 1,000 BTC in total over the past 30 days, a 99% drop from their peak, with new demand almost coming to a halt.
As the chips become more concentrated, the future market trend is less about retail sentiment and more about the will of the whales.