Part 5/8:
The reality of the current Bitcoin landscape is staggering. With centralized entities now holding an approximate 50% of all circulating Bitcoin, the implications for retail investors are profound. Only in the last few years have exchange-traded funds (ETFs) and large institutional players started to enter the market, but their impact has been immediate and transformative.
Research indicates that an astonishing 95% of Bitcoin is held in wallets that only see inflows—that is, they do not sell or move Bitcoin out of those wallets. This trend raises concerns about the liquidity in the market and the control entities possess over the price dynamics of Bitcoin.