结构化交易

According to a research report by Keyrock on July 10, although Bitcoin financial companies (BTC-TC) cumulatively hold approximately 725,000 BTC, accounting for 3.64% of the total BTC supply, the study found that during 2025, their daily transactions have a negligible average daily impact on spot prices, averaging only 0.59%.

Source: keyrock official website
Large-scale institutional purchases have little impact on market trends

The study analyzed the BTC/USDT market using Bernard Kyle's Lambda index (quantifying the impact of each unit of transaction volume on market prices) and found that large-scale institutional purchases rarely have a significant impact on market prices.