Bitcoin may be quietly changing hands and the trail appears to point toward a Hong Kong–based entity accumulating in size. In this video, we break down the unusual flow patterns, ETF activity, and derivatives signals suggesting that large-scale purchases are happening behind the scenes, away from typical retail venues. Why would a major buyer structure accumulation discreetly, and what does that imply about supply dynamics and the next phase of the market? If a significant offshore player is steadily absorbing Bitcoin, the impact on liquidity and price could be far bigger than most investors realize.