币界网报道:On July 4, Bloomberg reported that the Bitcoin market is experiencing a silent transfer of control. Long-term holders (miners, offshore funds and anonymous wallets) are steadily selling about 500,000 Bitcoins, while institutional investors such as ETFs, enterprises and asset management companies are taking over almost one-to-one. This shift has made it difficult for Bitcoin to break through its historical high of $110,000, and volatility has dropped to a two-year low. Analysis points out that this phenomenon is reshaping Bitcoin's position in the investment field and marks a major change in the structure of the cryptocurrency market.