Bitcoin, Controlled by a State Behind the Scenes?...Shocking Revelation: Decentralization Myth 'on the Verge of Collapse'

▲ Bitcoin (BTC)

Claims that Bitcoin (BTC)'s long-held decentralized value is shaking are being raised, spreading tension throughout the market.

According to crypto news outlet NewsBTC on April 20 (local time), the X (formerly Twitter) account Matrixbot raised suspicions that a specific country has been intervening in the Bitcoin network for a long time. According to the claim, Israel has been exerting influence over the network by supporting a portion of the salaries of key developers. This assertion directly challenges the existing perception that Bitcoin is an asset independent of external power.

Furthermore, questions have been raised regarding the investment structure associated with Blockstream, a major company in the Bitcoin ecosystem. Some critics argue that Blockstream's influence on network operations and code development is excessive. With controversies surrounding its partnership with Tether also overlapping, market distrust appears to be expanding.

Market indicators are also sending unstable signals. On-chain analyst OnChainMind analyzed that a net realized loss of approximately $1 billion occurred daily during Bitcoin's decline. Initially, selling pressure was concentrated among short-term holders, but recently, even mid-term holders have started selling, indicating a rapid contraction in investor sentiment.

Technical trends are also unstable. Some traders suggest that the recent short-term rally might be excessive, warning of past instances where similar patterns led to sharp price corrections. Large-scale liquidity is formed below the current price level, raising the possibility of a sharp sell-off if volatility expands.

As Bitcoin explores its direction within key resistance zones, the market is simultaneously wary of overbought signals and downside risks. With doubts about decentralization coinciding with worsening investor sentiment, Bitcoin's position as a store of value is also being tested.

Market participants appear to be responding cautiously, considering both the potential for structural risks and changes in the macroeconomic environment.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*