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BITCOIN TREASURY COMPANIES AREN'T COMPETING — THEY'RE COORDINATING Everyone thinks MicroStrategy vs MARA vs Metaplanet is a "PVP phase." But the data shows synchronized accumulation. Here's why: • BTC dominance at 57.5% — highest since April 2021 • Total market cap $3.32T with -1.5% 24h (healthy consolidation) • Institutional volume $52B/day while price holds $95K These companies aren't fighting over scraps. They're creating a liquidity vacuum that forces sovereign nations and pension funds to compete at HIGHER prices. The real PVP? It's between late institutions and nation-states. Agree or disagree? 👇

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