Socialites Shouldn't Influence Price

source](https://images.app.goo.gl/MYhmxsAKf7y9jxmL7)

Considering that many people bought bitcoin as a price way way higher than the dip.
This affects the retail investors that thought they push the price from $40000 to the moon probably but now market correction has led to a liquidation of about $4 billion in leveraged orders.

sometimes early this year, the crypto market's capitalization was close to Apple's Inc but now it has dropped about twenty percent, falling below $2 trillion for the first time in two months.
By the way, rich socialites should never be allowed to influence price, I won't mention names but this has to be the biggest show of bear power,

this particular correction I guess this is believed to be related to sentimental or speculative factors in the media,some news about the Chinese banning any of their firms from accepting crypto.
It is a calculated move by them to own a large amount of bitcoin in the long run, but they will have Microstrategy to compete with.

Cryptocurrency is largely influenced by a simple law of supply and demand,this is something we should have at the back of our minds.

At this point we can know who the true traders are, because a lot of shitcoins have crashed in this bull run that seemed to have ended.
Many mouths have been shut