Bismuth (Bi)-based anodes have a promising application in potassium-ion batteries (PIBs) due to their high theoretical capacity. However, Bi-based materials undergo unavoidable and drastic volume expansion during charging/discharging. In addition to this, the problem of poor reaction kinetics severely hinders its development. To solve these problems, we designed Bi2O3-Bi/Carbon hollow nanospheres (Bi2O3-Bi@CHNSs) inspired by the structure of alveoli and its contraction/expansion respiration mechanism. Bi2O3-Bi@CHNSs have an alveolus-like hollow core–shell structure and alveolus respiration-like reversible contraction/expansion mechanism for potassium storage, which provides good structural stability. In situ characterizations confirm that the Bi2O3 and Bi hybrid structures synergistically store potassium through a conversion/alloying mechanism. Bi2O3-Bi@CHNSs exhibited excellent rate performance as anode with a capacity of up to 270.4 mAh g−1 at a current density of 40 A g−1. Assembled as a full cell, the capacity reached 106.5 mAh g−1 at a current density of 30 A g−1, which is superior to most of the reported intact PIBs. This work utilized biomimetic design concepts to elaborate a bionic alveolar structure. It provides a new perspective for optimizing the volume expansion of Bi-based anodes and developing high-performance PIBs.