#比特币价格预测 GameStop's $500 million Bitcoin position is indeed of great research value. From an on-chain perspective, the most critical aspect is the inflow and outflow movements of such large institutional holdings—by the end of September, the position was valued at $519 million, down from $528 million at the end of June. This indicates that even without active selling, unrealized gains are rapidly evaporating.

What’s more worth paying attention to is the subsequent trend. The 30% drop in October led to the liquidation of $19 billion in leveraged positions, and the probability of institutions being forced to cut losses is increasing. As a publicly listed company, GameStop's quarterly financial disclosures mean we can track changes in its Bitcoin holdings every cycle, which is more transparent than monitoring wallet addresses covertly.

The current question is: can this wave of institutional entry supported by Trump policies continue? If the market continues to weaken, the selling pressure from followers like MetaPlanet and Trump Media may be concentrated and released. It is recommended to closely monitor the next financial report and position movements of these listed companies, as their decisions to reduce or increase holdings will directly influence market sentiment expectations.