Saylor vs Fink: who’s driving $BTC

BTC

75,856.67

-1.11%

?

Over the past 6 months, Michael Saylor (via Strategy) has been aggressively accumulating Bitcoin, clearly outpacing flows into iShares Bitcoin Trust backed by Larry Fink.

Takeaway:

Saylor is dominating the buy side — acting as one of the main drivers of demand.

But there’s a flip side:

A large chunk of bullish momentum is coming from a single, highly committed player.

Strong conviction… but also concentration risk if that flow slows down.