Background Information: Bitcoin (BTC) aims to achieve financial decentralization, but recent data shows that wealth is concentrating among a few large holders. Key Points: Currently, there are over 20,000 wallets holding more than $10 million in Bitcoin, accounting for approximately 9.43% of the total Bitcoin supply. This phenomenon indicates that the wealth distribution of Bitcoin is forming a hierarchical structure similar to traditional financial systems, with large holders significantly influencing market prices. Since 2018, the number of wallets holding over $10 million in Bitcoin has increased with the fluctuations in Bitcoin prices, and this trend is expected to accelerate in 2025. Potential Impact: This concentration of wealth may challenge the original intention of Bitcoin's decentralization and inclusivity, but it also reflects the confidence of institutional investors and the improvement in market liquidity. The key issue is how to maintain fairness in price discovery and openness of the network, ensuring a balance of economic interests for all participants.

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