Bitcoin has officially entered the 'Whale Era'! The latest data shows that the share of retail trading volume has plummeted from 1.8% during the peak in 2021 to 0.48%, with a daily fragmented trading amount of $108 million, which is less than half of the historical high — this is clear evidence that institutional players are taking over the market! CryptoQuant analysts found that although there are still 700,000 small transactions of $0-1000 each day, the average transaction size has shrunk significantly, just like how market vendors suddenly started depositing fixed-term savings in banks. Even more astonishing is that over the past four years, the voice of retail investors has decreased by 60%, and now among the daily trading volume of $1.8 billion, the real operators are all those Wall Street big shots in suits. Just look at those institutional orders that easily exceed $100 million, and compare them to the cautious 'testing the waters' trades by retail investors; no wonder some say: Bitcoin is now about 'elephants stepping on ants', and the speculative enthusiasm of ordinary investors has long been crushed by the professional institutions' algorithmic armies. $BTC $ETH $XRP #巨鲸动向