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According to market analysis, during this round of significant retracement, MSTR bore approximately 75% of the downward pressure, which to some extent buffered Bitcoin's own downward impact. Meanwhile, Michael Saylor's team’s large-scale stock financing measures effectively curbed the spread of market pessimism. This reflects the profound influence of institutional investors' behavior on overall market sentiment—when leading participants maintain growth momentum through aggressive financing, they often prevent the rapid formation of a bear market.