#比特币机构配置与囤积 Strategy has bought more than 10,000 Bitcoin for two consecutive weeks, accumulating 21,269 more in the first two weeks of December. This pace is worth paying attention to.

From a data perspective, a few details are quite interesting: with a weekly volume of 980 million USD and an average cost of 92,098 USD, compared to its total accumulated cost of 50.33 billion USD, which is (74,972 USD per Bitcoin), the premium is nearly 23%. This indicates that even at the current price levels, institutions are still actively accumulating, and their outlook on the market should not be pessimistic.

More importantly, the time window—adding to positions during FUD—is a typical risk preference signal from institutions. The panic selling pressure was limited earlier, and now they are accelerating accumulation, implying that whales' judgment of the fundamentals has not changed.

The holding size of 671,268 Bitcoin is already a considerable amount of accumulated funds. In the short term, such large holders tend to have strong coin stickiness, which can serve as a support level reference. However, the key is whether the subsequent accumulation continues and how other institutions follow suit. The actions of individual players are only a reference; the market consensus is the decisive factor.