Recent movements in the Bitcoin market are attracting attention. The well-known company MicroStrategy has once again made a large purchase of 21,000 Bitcoins, bringing its holdings to about 3% of the total Bitcoin supply. If we include the holdings of other listed companies and ETFs, institutional investors now control approximately 12% of Bitcoin.

This ratio is rising rapidly, especially after the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin physical ETF. This means that investors can directly participate in ETF trading with Bitcoin and redeem Bitcoin when needed, bringing more flexibility to the market.

As institutional investors continue to increase their Bitcoin holdings, it is expected that more and more Bitcoin held by retail investors will be rapidly purchased by large institutions. This trend could lead to further concentration of Bitcoin ownership, having a profound impact on the future direction of the market.

This phenomenon reflects institutional investors' confidence in the long-term value of Bitcoin, while also sparking discussions about the decentralized nature of the cryptocurrency market. As large institutions continue to accumulate Bitcoin, the market structure may face significant changes, and investors need to closely follow the potential impact of this trend on Bitcoin prices and the overall cryptocurrency ecosystem.