散户投资者保持市场主导地位，比特币 (BTC) 接近 10 万美元大关

随着散户投资者保持市场主导地位，比特币交易价格为 99,340.23 美元，接近 10 万美元大关。

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.

随着比特币 (BTC) 逼近备受期待的 10 万美元大关，一项新的分析显示，散户投资者继续主导 BTC 市场，反驳了最近的说法。这种资产所有权的动态正在加剧比特币价格的飙升。

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%).

根据 The Block 的数据，散户投资者目前持有流通中 BTC 的 88.07%，令人印象深刻。这与鲸鱼 (1.26%) 和机构投资者 (10.68%) 持有的小得多的份额形成鲜明对比。

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.

散户投资者的主导地位在比特币持有量的巨大差异中显而易见。像 Coinbase 这样的公司持有大量 BTC，超过 225 万个 BTC，其中大部分是给他们的客户的。此外，中本聪的钱包中包含 96,8452 BTC，仍然未受影响，在创世区块的创建中发挥了作用。

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 总共占 109 万比特币（约 5.2%），而美国和中国等政府持有约 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.

尽管比特币价格飙升，但市场并不稳定，经常表现出极大的波动。例如，11 月 21 日，BTC 价格跌至 95,756.24 美元，交易量达到 984 亿美元。这种波动凸显了散户投资者在推高比特币价格方面发挥的关键作用，尽管机构投资者在市场上变得更加活跃。

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.

有些人可能会认为 BTC 正在变得更加中心化，但数据并不支持这种说法。 ETF 等金融产品旨在吸引机构，但它们也让散户投资者更容易获得 BTC。从本质上讲，BTC 继续与中本聪的去中心化和民主化金融体系愿景保持一致。随着 BTC 逼近 10 万美元的门槛，有关该资产所有权的讨论仍然开放和封闭。