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Big Whale Trading
🏢 Corporate treasuries just went quiet on Bitcoin
Listed companies added only 5K BTC over the past three months
Back in July 2025 alone, they bought 89K
That's a fraction of the pace, and it's the kind of shift that doesn't show up in the price right away
The treasury bid was one of the steadiest sources of demand through the last cycle — if it's cooling, the question is who picks up the slack
