币界网报道：Background information: Bitcoin (BTC) aims to achieve financial decentralization, but the latest data shows that wealth is concentrating in a few large holders. Main content: There are currently more than 20,000 wallets holding more than $10 million worth of Bitcoin, accounting for about 9.43% of the total supply of Bitcoin. This phenomenon shows that the wealth distribution of Bitcoin is forming a hierarchical structure similar to the traditional financial system, and the influence of large holders on market prices has significantly increased. Since 2018, the number of wallets holding more than $10 million in Bitcoin has grown with the fluctuations in Bitcoin prices, and this trend has accelerated in 2025. Potential impact: This concentration of wealth may challenge the original intention of Bitcoin's decentralization and inclusiveness, but it also reflects the confidence of institutional investors and the improvement of market liquidity. The key issue is how to maintain the fairness of price discovery and the openness of the network to ensure a balance of economic interests for all participants.