The striking factor in this rise is the strong presence of retail investors in the market. According to The Block data, 88.07% of Bitcoins in circulation are held by individual investors.

Despite recent claims that institutional investors have surpassed individual investors in BTC ownership, data shows the opposite. The BTC rate owned by whales is only 1.26%, and the share of institutional investors is 10.68%.

This reveals that Bitcoin is still under the control of retail investors and remains true to its decentralized structure.

Another important development that supported the rise of Bitcoin was the launch of BlackRock’s BTC ETF (Exchange Traded Fund) options. A nominal value of $1.9 billion was traded on the first day of launch. While this development signals an increase in institutional interest, it also lowers the barriers to entry for day investors.

Jeff Park, Head of Alpha Strategies at Bitwise Invest, noted the potential of these products to reshape access to BTC.

Bitcoin ownership is an important indicator to understand how the asset is distributed in the market. While major platforms like Coinbase hold 2.25 million BTC, most of these assets belong to customers. Additionally, Satoshi Nakamoto’s wallet containing 96.8452 BTC, which was used to create the Genesis block, has still not been moved.

Funds and ETFs hold a total of 1.09 million BTC, or 5.2%. Governments hold 2.5 million BTC, a rate of approximately 2.5%. The USA and China are among the prominent governments in this field.

However, although the Bitcoin price has experienced significant increases, the market remains unstable due to extreme volatility. On November 21, the price of BTC briefly dropped to $95,756.24, and the transaction volume was recorded at $98.40 billion during the same period. Such fluctuations show how influential retail investors are in price movements.

Although some experts claim that Bitcoin is evolving into a more centralized structure, the data does not support this view. While financial products like ETFs are attractive to institutional investors, they make BTC more accessible to retail investors.

This shows that Bitcoin still remains true to Satoshi Nakamoto’s vision of a decentralized and democratic financial system.

In this period when the Bitcoin price approaches the $ 100,000 threshold, the impact of ownership distribution on the market comes to the fore once again. This structure, dominated by retail investors, continues to be an important balance element in the crypto market.

This strong structure of BTC continues to form the basis of a decentralized financial future in the crypto world.