When retail investors are anxious about the short-term pullback of Bitcoin, institutional investors are voting with real money. In the third quarter of 2025, Bitcoin ETFs recorded net inflows of up to $7.8 billion. This phenomenon clearly points to a trend: Bitcoin is accelerating its 'institutionalization.' These giants do not care about price fluctuations over three to five days; their strategy is based on a macro narrative for the next five to ten years — incorporating Bitcoin as digital gold and a value storage asset into their balance sheets. Their entry is fundamentally changing the structure of Bitcoin holders and the logic of market volatility.#BTC #EFT #机构投资