I believe all of the following are true RE Bitcoin markets: 🔸The price is manipulated by whales and traders... 🔸...but only on smaller time-frames. 🔸Paper Bitcoin exists in derivatives markets... 🔸...but this is expected and necessary for maturity. 🔸There are probably unbacked exchanges out there... 🔸...but you've never heard of them. 🔸Coinbase and the ETFs have the coins... 🔸...and the real risk is how f**kn many they have. 🔸The price is suppressed... 🔸...by heavy selling in spot markets. 🔸All of this is how normal markets function... 🔸...and no follow up point was needed. Chill out, stay humble, and stack sats.