245,510 BTC bought by listed companies, is the ETF just a decoy? The real engine of the bull market is here!
Core data makes a stunning appearance
1. 245,510 BTC - Total amount purchased by listed companies in the first half of 2024
2. 2 times overwhelming - Net inflow of all BTC ETFs during the same period is only about 120,000 BTC
3. MicroStrategy leads the charge: A single company holds over 200,000 BTC, with an average cost of $35,000
Key point: Listed companies are the “invisible giants” of this bull market, ETFs are just the visible ones, and they have already positioned themselves!
Three major signals indicate: An epic market is approaching
1. Institutional “scrambling for allocation” triggers a supply crisis
[1]. Currently, daily miner output is only 900 BTC, while listed companies' average monthly purchases in the first half of the year are 40,000 BTC!
[2]. The stock of BTC on exchanges has dropped to a 5-year low, and liquidity depletion could trigger price explosions!
2. Balance sheet revolution: BTC = new gold
[1]. Giants like Tesla, Block, and Coinbase are incorporating BTC into corporate reserves to replace cash devaluation risks
[2]. Changes in accounting rules stimulate more companies to follow suit in purchasing
3. Halving effect + institutional FOMO = super cycle
[1]. Historical pattern: Bull market peaks occur 6-18 months after halving
[2]. Purchases by listed companies far exceed the 2020 cycle, with capital scale growing exponentially!
How can retail investors keep up with this “institutional train”?
Strategy 1: Keep a close eye on the “coin hoarding maniacs” dynamics
[1]. MicroStrategy: Holding ratio exceeds 1% of the circulating supply, stock price is highly correlated with BTC.
[2]. Chinese concept stocks: Meitu, 500.com, etc., may become the next batch of “BTC concept stocks”
Strategy 2: Seize the opportunity during pullbacks to build positions in batches
[1]. Institutional cost basis is concentrated around $30,000-$40,000, current price is still below their target valuation
[2]. Recommended DCA tools: Binance/OKX DCA bot
Strategy 3: Position in institutional-related sectors in advance
[1]. BTC ecosystem: STX, ORDI
[2]. Custodian service providers: COIN
Follow the national trend, helping you to see through the surface, no panic in bull or bear markets.
