After the Bitcoin price crash, the holding ratio in institutional investors and retail investors may change. Institutional investors, with their more comprehensive risk - assessment mechanisms, may be more likely to hold on to their Bitcoin positions if they believe in the long - term potential of Bitcoin. Retail investors, however, are more prone to panic - selling due to limited risk - tolerance and less professional knowledge. If institutional investors increase their holding ratio, it may signal confidence in the long - term value of Bitcoin, which could support the price in the long - term. Conversely, if retail investors sell off a large amount, it may lead to short - term price drops but also create potential buying opportunities for long - term investors.