In 2021 Btc dropped to 29k, this time is NOT the same.

I remember the flash drop to 29k and then the massive lion like rebound to just tear through any doubt as we climbed from about 1.65 trillion to 2.8 trillion and then flew over the 3 trillion dollar mark. It was crazy, but was it legit?

At the started of 2021 the crypto market was fresh with new hope and speculation, there were several ideas floating around, decentralized finance and the idea that meme coins can become new currencies that highlight just how digital our lives have become.

But what most people fail to pay attention to is that in order for the market to keep growing, speculation needs to be high and people need to be engaged. People always talk about the billionaire whales that move this market, and you're right. But they already have money, without users of these projects or speculators jumping on board, they get bored and also start to pull out their money.

People like to complicate things, interest has simply died down for the moment, so yeah whales here and there will make a few splashes to convince you it's still on, but the declining volumes tell you the story. If average joes aren't talking about or speculating and betting on the market, then even the billionaires can't get much of a kick so like any human even they get bored of casting a line if enough time passes and not enough fish bite.