A report by Nikolaos Panigirtzoglou, a strategist at JPMorgan Chase, shows that Bitcoin retail investors are catching up due to the significant reduction in institutional capital inflows so far this quarter. Bitcoin retail fund inflows are expected to exceed institutions in the first quarter. JPMorgan Chase estimates that so far this quarter, the inflow of funds from retail investors and institutions has been parallel. Retail investors have purchased more than 187,000 bitcoins, while institutional investors have purchased approximately 172,684 bitcoins. It is reported that the decrease in institutional funds may be one of the reasons why Bitcoin failed to stay above $60,000. However, everyone's attention is currently focused on the participation of retail investors, especially considering the introduction of a new round of stimulus measures in the United States in recent days.