Strategy Continues "Devouring" Bitcoin: When the World's Biggest "Whale" Gets Hungry Again - What Signal for the Market?

This morning I woke up to news that wasn't surprising but still noteworthy: Strategy (formerly MicroStrategy) bought another 6,220 BTC, worth $739.8 million USD. From my 7 years of experience following the crypto market, I know that every time Michael Saylor and his company "make a move," the market usually has interesting reactions.

In the TramNgo FX-Crypto Community, we've often discussed the impact of institutional buying. Today I'll analyze this move from the perspective of a trader who has witnessed many market cycles, while providing insights on the impact to everyone's portfolios.

Transaction Details: The "Whale" Never Stops Hunting

Specific Information

Timeline: July 14-21, 2025 Quantity: 6,220 BTC Value: $739.8 million USD Average Price: $118,940 USD/BTC

Strategy's Total Bitcoin Holdings: 607,770 BTC (accounting for nearly 3% of total minable supply)

Market Context

Interestingly, Strategy bought during a time when:

• Bitcoin is recovering after a consolidation period
• BTC Dominance is declining as altcoin season begins
• Market sentiment is mixed between optimism and caution

From experience, when institutional whales buy when market sentiment isn't completely bullish, it's usually a positive sign.

Impact Analysis: The "Strategy Effect"

Short-term Psychological Impact

Confidence boost: When the world's biggest "whale" continues buying, it sends a strong signal about long-term confidence in Bitcoin.

Institutional FOMO: Other institutions may follow suit, not wanting to be "left behind."

Retail psychology: Many individual investors will think "if Saylor is buying, I should buy too."

Technical Impact

Supply shock: 6,220 BTC removed from circulation, reducing available supply for trading.

Support level: Creates psychological support at the $118,940 level - if price approaches here, there will be buying interest.

Volume confirmation: Large transactions like this usually accompany increased volume and price movement.

Experience Perspective: Familiar Pattern

Strategy's Buying Pattern

From long-term observation, I notice Strategy has a pattern:

Buy when market is uncertain

Average down when prices fall

Accumulate during consolidation periods

Never sell - true diamond hands

Historical Impact

Previous purchases:

• Usually create short-term pump of 2-5%
• Long-term positive impact for price discovery
• Increase institutional interest in the sector

But also sometimes:

• Market doesn't react immediately
• Other factors override Strategy's impact
• Price action depends on macro environment

Strategy for Traders/Investors

For Short-term Traders

Opportunities:

• Possible pump in next 24-48 hours
• Volume spike may create trading opportunities
• News-driven volatility