CryptoQuant: Strategy Shifts From Bitcoin Buying to Liquidity-Focused Approach as Market Downturn Looms

CryptoQuant has revealed that hedge fund Strategy is transitioning away from aggressive Bitcoin purchases and adopting a more conservative, liquidity-focused treasury approach. This move aligns with the significant market downturn experienced in 2025, marked by Bitcoin’s largest drawdown yet. CryptoQuant reports a dramatic decrease in Strategy’s Bitcoin purchases, dropping from 134,000 BTC in 2024 to just 9,100 BTC in November 2025. This reduction signals Strategy’s preparedness for the anticipated bear market.