Gate 2025 Year-End Community Gala Once again, the more widespread institutional accumulation has increasingly fallen into the hands of a single player.

Such concentration poses a dangerous vulnerability for the market. If strategy slows down, one of Bitcoin’s few remaining stable demand drivers will stop. In that scenario, the price balance will depend more on ETF inflows and short-term speculative appetite. The most unwelcome surprises in the cryptocurrency market usually start right here. Demand shrinks, support thins, and the price suddenly looks into the void.