Michael Saylor's bitcoin purchases have diminished impact on the market

Although Strategy has purchased several billion dollars worth of Bitcoin, its demand accounts for only 7% of the total inflow, which is relatively small compared to the overall market demand and can be easily offset by larger forces. The positions of long-term holders, supply recovery, and changes in realized market value are the main drivers of capital flow. In the past 30 days, US spot ETF inflows were about 1 billion dollars, while miners issue 450 BTC daily, creating a monthly supply pressure of approximately 880 million dollars.