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Bitcoin demand drivers shift as Strategy share falls and whale influence surges

Strategy\'s influence on bitcoin buying is weakening while large wallets fill the gap, an analysis shows. Over the past month, wallets holding 10 to 10,000 BTC bought 88,987 BTC, while Strategy accounted for about 3 percent of that amount. Strategy balanced bitcoin purchases with cash use for preferred-share buybacks and may need additional funding to continue the programme. Market watchers are tracking spot demand and whether new whales keep accumulating.