🚨 Bitcoin’s Power Shift? 🐋

$BTC was built to decentralize finance — but as it trades near ATHs, the data tells another story.

Over 20,000 wallets now hold $10M+ each, controlling nearly 10% of total BTC supply and over 21% of the realized cap. That’s $200B+ in value, consolidated at the top. 👀

Just in the past 4 weeks, 622 new addresses with 10+ BTC joined the club. This isn’t just another bull cycle — it’s a structural shift.

🧠 Since 2018, the "$10M club" has grown with price — but in 2025, it’s accelerating even without retail euphoria. BTC wealth is getting more concentrated… and fast.

💭 Yes, Bitcoin is decentralized in code — but economically? It’s starting to resemble TradFi. A small group of whales, sharks & dolphins are setting the tone, while retail holds less influence.

🔍 Should you be worried? Depends on your view:

- Institutional flows = liquidity + long-term confidence

- But market fairness & price discovery? That’s another story.

We must ask: Can BTC remain truly open & balanced if a few hold the steering wheel? 🤔