Viewpoint: Bitcoin is in a 'deflationary' state, with the purchasing speed of Strategy exceeding the mining speed.

According to BlockBeats news, on May 10, CryptoQuant founder Ki Young Ju stated that Bitcoin is deflationary.

Strategy's speed of purchasing BTC is faster than the mining speed of Bitcoin miners. The 555,000 BTC they hold is illiquid, with no plans for sale. The holdings of MSTR alone imply an annual deflation rate of -2.23%, and with other stable institutional holders, the deflation rate could be even higher.