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tmodk, industry influencer, observes that when analyzing the Cumulative Volume Delta for BTC across 50 exchanges—whether in spot or perpetual markets—Saylor’s purchases are only a very small fraction compared to the total volume generated by whales and the broader market.
The comment suggests that, despite attention on these transactions, institutional or large-scale trades far outweigh individual buying activity.
Market participants have also concentrated attention on memecoin positions, with Joao Wedson observing strong interest in long trades on DOGE and PEPE in recent sessions, according to recent reporting. Weekend trading volume for SIREN and APE surpassed 2.8 million trades each, overtaking Bitcoin activity on platforms such as Bybit and Binance, as noted in another update. These developments highlight ongoing shifts in trading focus beyond major assets like BTC.