No matter that this particular market is quite new, still the big financial groups dominate, manipulate and move this market. In the picture, you can see that only 4.11 % of addresses (financial groups) own 96.53 % of all the Bitcoins. On the other hand at the bottom of the picture, you can see a small little share that the retail traders own (that's us). It is the same for currencies, major cryptocurrencies, stocks, indexes…the market is ALWAYS dominated, moved, and manipulated by a few big institutions or financial groups.
BITCOIN is turning bad to worse for its traders after the cryptocurrency appeared to be just one week away from appearing as a death cross (prolonged bearishness) on technical charts.
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BTC currently is range bound between $16,500 to $17,300. Bitcoin will be halving in March/April 2024. Meanwhile, FTX founder and former CEO Sam Bankman-Fried were arrested in the Baha-mas after being alerted by the US. His first bail plea was rejected because he was a risk of flight.
Cryptocurrency media is gossiping about the whereabouts of Gary Wang and Nishad Singh. The duo was fired a week after the bankruptcy of the FTX cryptocurrency exchange.
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