散戶投資者保持市場主導地位，比特幣 (BTC) 接近 10 萬美元大關

隨著散戶投資者保持市場主導地位，比特幣交易價格為 99,340.23 美元，接近 10 萬美元大關。

As Bitcoin (BTC) edges closer to the highly anticipated $100,000 mark, a new analysis reveals that retail investors continue to dominate the BTC market, countering recent claims. This asset ownership dynamic is adding fuel to BTC’s price surges.

隨著比特幣 (BTC) 逼近備受期待的 10 萬美元大關，一項新的分析顯示，散戶投資者繼續主導 BTC 市場，反駁了最近的說法。這種資產所有權的動態正在加劇比特幣價格的飆升。

According to data from The Block, retail investors currently own an impressive 88.07% of all BTC in circulation. This contrasts sharply with the much smaller shares held by whales (1.26%) and institutional investors (10.68%).

根據 The Block 的數據，目前散戶投資者持有流通中 BTC 的 88.07%，令人印象深刻。這與鯨魚 (1.26%) 和機構投資者 (10.68%) 持有的小得多的份額形成鮮明對比。

This retail investor dominance is evident in the striking disparity in BTC ownership. Companies like Coinbase hold significant quantities of BTC, with over 2.25 million BTC—most of which is for their clients. Additionally, Satoshi Nakamoto's wallet, containing 96,8452 BTC, remains untouched, having played a role in creating the Genesis block.

散戶的主導地位在比特幣持有量的巨大差異中顯而易見。像 Coinbase 這樣的公司持有大量 BTC，超過 225 萬個 BTC，其中大部分是給他們的客戶的。此外，中本聰的錢包中包含 96,8452 BTC，仍然未受影響，在創世區塊的創建中發揮了作用。

Collectively, funds and ETFs account for 1.09 million BTC (around 5.2%), while governments like the U.S. and China hold approximately 2.5%.

基金和 ETF 總共佔 109 萬個比特幣（約 5.2%），而美國和中國等政府持有約 2.5%。

Despite BTC's price surges, the market is anything but stable, often exhibiting extreme volatility. On Nov. 21, for instance, BTC's price dipped to $95,756.24, with trading volume reaching $98.40 billion. This volatility underscores the crucial role played by retail investors in driving up BTC's price, even as institutional investors become more active in the market.

儘管比特幣價格飆升，但市場並不穩定，經常表現出極大的波動。例如，11 月 21 日，BTC 價格跌至 95,756.24 美元，交易量達到 984 億美元。這種波動凸顯了散戶投資者在推高比特幣價格方面發揮的關鍵作用，儘管機構投資者在市場上變得更加活躍。

Some might argue that BTC is becoming more centralized, but the data doesn't support this claim. Financial products like ETFs are designed to be attractive to institutions, but they also serve to make BTC more accessible to retail investors. In essence, BTC continues to align with Satoshi Nakamoto's vision of a decentralized and democratized financial system. And as BTC edges closer to the $100,000 threshold, the conversation about the ownership of this asset remains open and shut.

有些人可能會認為 BTC 正在變得更加中心化，但數據並不支持這種說法。 ETF 等金融產品旨在吸引機構，但它們也讓散戶投資者更容易獲得 BTC。從本質上講，比特幣繼續與中本聰的去中心化和民主化金融體系的願景保持一致。隨著 BTC 逼近 10 萬美元的門檻，有關該資產所有權的討論仍然開放和封閉。