Here's the thing with secondary market sellers—they're capped by their initial inventory. Can't move more than what's already in hand. That means they literally cannot fulfill new market demand coming in, which is precisely the territory Strategy operates in. It's basic supply-side economics, but somehow this distinction still trips people up. Take a moment to break it down from first principles instead of guessing: constrained sellers can only redistribute existing liquidity, they can't generate fresh demand absorption. That's the whole difference.