The current market is truly a tale of two extremes! Over on the Bitcoin side, more than half of the liquid coins have been bought up by major institutions on Wall Street, held tightly in their hands without letting go.

This puts exchanges in an awkward position—they actually want to crash the market (that is, to sell off large amounts to drive the price down) and take some profits, but they don’t dare to go too far.

What if they crash it too hard, and the Wall Street bigwigs think the price is right, and just withdraw their coins from the exchange and store them in their own wallets?

Then the problem arises: if the exchange doesn't have that much real Bitcoin to give out, won't that be exposed? Isn’t that misappropriating customer assets and providing false data! So crashing Bitcoin is like a cat playing with a mouse, they can’t be too reckless!

But on the other side, altcoins are in dire straits! The exchanges have far fewer reservations about them; they are practically slaughtering them, almost digging out the roots of the chives, leaving no room for survival.

If it weren’t for these institutions on Wall Street holding the fort, the price of Bitcoin would probably have dropped to who knows how low. We ordinary retail investors might have long been completely wiped out, swallowed up along with the bones, directly "cut" into the coffin.