Market Cap means nothing in Crypto. The game has already been taken over by the banks. Bitcoin will never come down unless China pulls a stunt. And if so Bitcoin can then move right back up to prior levels.

Cash is being exchanged for Bitcoin, so those positions must be propped up. Not to mention that the older positions at $200 to $500 are what make these high positions no real problem. When your reserves are so massive then you can entertain people at higher prices and make them pay for getting out by boosting the price up to higher interest rates than any bank could ever legally charge. But this is to say you need Bitcoin. Well you may if the Banks Bail in to your personal checking account.

Now realize that the price will only go up from here on out, barring massive dumps which could get absorbed. Considering the powers that be wring out the Alts for everything they are worth and put it back into Bitcoin to bolster it. So now people will only be able to nibble away at fractions of Bitcoin. Now the ledger is in reverse. It is a ledger of who is buying in and stamping their spot inside the Derivative like actions that will be driving up the price. Since liquidity is needed the only way Bitcoin can go is up. It will need to mark each exit for the derivative and each entry as the cap. So when you look at the Market Cap you can think of it as the Derivative price point. Once it hits a Quadrillion dollars then it will match the losses of the 2008 Derivative market. So Bitcoin is the new derivative playground now. If it were to crash then too many people would be let back in. Unless the game is to leave it vacant of money in the end and any input is now the bankers, or they deem illegal since it attempted to crash economies. Just as quick as certain companies can suddenly accept BitCoin Cash as insider trading, so too can they suddenly say we have to close the doors.