[Cryptoquant: Strategy Accumulation Does Not Indicate a Phase Bottom but Aligns with Market Momentum and Boosts Sentiment] BlockBeats News, August 20, Cryptoquant released a market analysis stating that Strategy's purchases do not always reach phase bottoms or push up BTC prices. These purchases are typically conducted via over-the-counter transactions and settled 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 it as a demand backdrop, then confirm it through ETF flows, spot CVD, and the Coinbase premium on U.S. trading platforms.