we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?
It is obvious that many of the crypto whales have more power to control the market since they have large percentage of holdings. This usually happens in the market where we do see sudden high volatility in the market and with a few time the market price starts depreciating with fats momentum. These whales have great control in the market to make the price goes up and down.
Even apart form Bitcoin and other big crypto projects, this in random altcoins where we do see pump and down market where the whales do use the opportunity to make great profits from the market while those with small holdings could definitely make loses.