🧠 Think big BTC buys move the market? Think again.

VanEck’s latest analysis reveals that Strategy’s Bitcoin acquisitions—just 3.3% of weekly volume—had minimal impact on price, with only a 25–28% correlation to price shifts.

Even during peak weeks, Strategy buying accounted for just 8.4% of trading, and in 8 of 27 weeks, they didn’t buy at all. Meanwhile, secondary market volumes were 17x–20x larger than newly mined supply.

This study challenges the assumption that institutional BTC acquisition programs drive short-term price action. Bottom line: Bitcoin is ruled by macro market dynamics, not isolated buying.

$BTC #Bitcoin #CryptoResearch