最新报道:Bitcoin's price dynamics are increasingly driven by institutional investors and large holders ("whales") rather than traditional factors like halving events, as 95% of supply has already been mined. Analysts note the diminishing impact of halvings on price due to limited remaining supply, signaling a market shift toward institutional dominance over retail traders and miners. Experts recommend adjusting trading strategies to focus more on macroeconomic conditions and whale activity, reflecting Bitcoin's maturation into a less volatile, institutionally-driven asset class.