让大模型的思考过程自动压缩上下文，提升长文本问答效率。

Context compression aims to shorten long context inputs with minimal information loss for LLM inference acceleration. While existing methods have shown promise, they typically rely on complex compression modules or compression-specific training, leaving the intrinsic capabilities of LLMs underexplored. In contrast, this work reveals that a thinking model itself can naturally compress long contexts by organizing task-relevant information. We thus derive Thinking as Compression (TaC), a new compression paradigm that treats thinking itself as compressed context. Without relying on specific dedicated compressor, TaC directly prompts the thinking model to generate thinking traces as the shortened context, already outperforming most representative compression methods. Further, given that raw thinking output may struggle with budget control and shortcut behaviors, we introduce Thinking as Compression Constrained (TaC-C), leveraging a simple reward-driven optimization framework to elicit intrinsic thinking as compact and controllable compressed context. Experiments across four long-context QA benchmarks demonstrate that TaC-C consistently outperforms existing baselines. At 4x and 8x compression ratios, it surpasses the strongest competitor by 17.4% and 23.4% in average F1, and by 15.7% and 21.7% in average Exact Match Score (EM), respectively.