#比特币机构配置与囤积 Saylor's recent actions are indeed worth paying attention to. From on-chain signals, Tracker updates often precede official disclosures, and this time difference itself is conveying information—the pattern of increasing holdings announced the next day has been validated by the market multiple times.

What's even more interesting is his statement "continue accumulating until the market stops complaining." This is not just boastful talk but a clear stance: as long as there are no systemic risks, keep buying. The inclusion in the Nasdaq 100 also serves as an endorsement, even though MSCI has some doubts, but that doesn't affect this core logic.

From the perspective of capital flow, the continuous allocation of BTC by institutions is indeed changing the market structure. Individual accumulation itself is a form of liquidity locking, and when this behavior becomes systemic, its support for price bottoms becomes significant. Of course, this also means that supply-side pressure is increasing, requiring more incremental funds to sustain the upward trend.

In the short term, such signals can serve as reference indicators for capital flow, but ultimately, on-chain contract data and exchange outflow volumes are needed to verify the true strength of accumulation.