Price discovery is impossible with the whales controlling 90% of all bitcoins minted. The original intent of bitcoin as a neutral asset disappeared long ago. Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.
Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels. Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.
Two 1.5 hour videos on the subject on streaming TV interviewing early adopters and investors who have made and lost money.
I am not sure of where you you got your numbers and facts from but they are way off and have absolutely nothing to do with reality. You make it sound like there are only a few owners of Bitcoin and that somehow, Bitcoin has become decentralized. This is complete BS and this entire thread is another bear FUD thread which has the sole purpose of scaring newbies and shaky hands into selling.