You're right to some extent but wrong at the same time, even crypto market is mostly dominated by the algos. Top level institutions and whale traders have some tech advantages which a normal trader can't even imagine. They have made their algorithms and at the same time trained their AI models to the levels that makes them advantageous in comparison to normal traders.

There are still so many trader who try to stay away from crypto market due to very high volatility and unpredictability. I know we crypto traders prefer it way more as compare to traditional markets but many still try to avoid investing in crypto market. The crypto market is of course a great way to generate wealth when you understand the things deeply but it's not for everyone.