⚡️The Strongest Bitcoin Century Dog Manor——

31% of the total Bitcoin supply is held by governments, ETFs, and MicroStrategy, an increase of 14% from last year;

The landscape of governments, ETFs, publicly listed companies, and large holders has already formed——

1️⃣ Institutional investors are usually long-term holders and do not trade frequently. This behavior of “holding coins” reduces the circulating supply in the market, which may support the long-term price of Bitcoin.

2️⃣ This institutional trend indicates that Bitcoin is transitioning from an “individual investor-dominated asset” to a “mainstream investment asset.” The participation of institutions brings more liquidity and stability to the market while enhancing its credibility.

3️⃣ This also means that governments are increasingly aware of Bitcoin's position in the global economy and may be more inclined to accept and regulate it in future policy-making rather than suppressing it.

A concentration of 31% means that Bitcoin's property as a “digital gold” safe-haven asset is gaining more recognition. In the context of increasing economic uncertainty and significant depreciation pressure on fiat currencies, institutions accelerating their allocation to Bitcoin may be to hedge against risks in traditional assets.

4️⃣ The increase in institutional holdings may make it increasingly difficult for retail investors to profit through simple buy-and-hold strategies. In the future, the Bitcoin market may rely more on complex financial instruments (such as options and futures) and macroeconomic trends.

This means that Bitcoin is accelerating its move towards the mainstream financial system, while also facing the risk of its decentralized characteristics being diluted.