【Cryptoquant: Strategy's Accumulation Does Not Indicate a Market Bottom】On August 20, Cryptoquant released a market analysis stating that Strategy's buying does not always touch the market bottom and push up BTC prices. They generally make purchases through over-the-counter trading and settle on-chain in batches. Sometimes this approach aligns with market momentum and boosts market sentiment, but the market depth far exceeds any single transaction. The best way to interpret Strategy's buying behavior is to view their purchases as a backdrop of demand, then confirm through ETF flows, spot CVD, and the Coinbase premium on US trading platforms.