Recently, the liquidity in the cryptocurrency market has dried up. The reason is that over the past six months, the big players have harvested too aggressively, causing retail investors to be scared and reluctant to participate.

Is the high control of BTC by capital like BlackRock and MicroStrategy a good thing for the development of cryptocurrencies? BTC developed from the idea of decentralization, but is now increasingly moving towards centralization. If this continues, it may just become the next diamond or tulip game.

With a total supply of 21 million coins, and removing the 3 million that have been lost, the total number is only about 18 million. Currently, the amount of BTC held by several major capital players is less than half. If holders continue to sell at high prices, capital will buy in while significantly shaking and slaughtering retail investors, ultimately allowing the big players to hold 51% of the BTC and completely control the crypto market.

However, this will eventually lead to the death of the crypto market, and retail investors will invent a new decentralized thing elsewhere.

#BTC