This morning, there is a market update worth noting— a major financial institution has once again invested an additional $400 million in Bitcoin. This is no longer an isolated event.

By observing recent market trends, an interesting phenomenon can be seen: institutions are continuously accumulating, while retail investors are constantly fleeing. On one side, large buy orders; on the other, scattered selling pressure. The result is quite straightforward—Bitcoin's holdings are rapidly concentrating in the hands of big players and institutions.

As the circulating supply of Bitcoin decreases, those who truly hold the power will be these major players. Ordinary investors may only be left with some altcoins and trapped positions.

Historically, every bull market has gone through a phase of reallocation of holdings. Institutions buy aggressively at low prices, while retail investors exit gradually in panic. By the time the market rallies, prices have already soared to levels that deter newcomers. The next cycle of Bitcoin may follow this story.