I believe the crypto market, is heavily manipulated, I'm of the opinion that only a few very powerful people or government, now HODL the most Bitcoin, And are responsible for where the price goes and as a result the entire market is under choas. Is this even possible? I think it is, what's your own opinion?
I do not agree with your assessment, it is true that those that are holding many bitcoins are very powerful and can move the market but that is true in any market as well, besides most of those that have the most bitcoin are not really doing anything with it except buying more of it, so if anything the effect of those whales is positive for the development and the price of bitcoin.