#机构投资比特币# Analyzing this information, I noticed several key points:



1. The holding structure of Bitcoin is too concentrated, with Michael Saylor controlling a large amount of BTC by himself, which may raise concerns in the market.

2. In contrast, Ethereum's institutional holdings are more diversified, with no similar "whales" appearing.

3. Wall Street seems to prefer the holding structure of Ethereum.

From on-chain data, the distribution of ETH addresses is indeed more decentralized than that of BTC. This difference may affect the decision-making of institutional investors. It is recommended to closely monitor the changes in large ETH addresses in the future, as well as the capital flow of institutions investing in ETH. This may become one of the signals for ETH to gain more favor from institutions relative to BTC.
BTC-0.16%
ETH-1.01%
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