I'll write a little about how artificial market capitalization is created by manipulating the number of coins in free access.
As few people know and do not understand the rhetoric of the markets, the market capitalization of 3 trillion is nothing more than artificial. Why? It's simple, recently free coins have been actively withdrawn from circulation.
This means that the incoming capital is multiplied not by the entire emission of 21 million coins, but only by those coins that are freely available. Through simple manipulations, we received a capitalization of 3 trillion, but in fact there is not that much money in this market. The same scheme works on all other projects.
You might say now that I'm not on friendly terms with my brain, okay. Imagine that Black Rock is selling off Bitcoin now. Where will its price end up? That's right, in deep shit, because the market can't swallow such a large amount of BTC. If this capitalization were real, the market would have swallowed all 21 million coins, and the price would not have changed. But in fact, we got an inflated capitalization.
Now the demand is actively increasing, but there is no supply, so the price is rising.
If there are fewer and fewer coins in circulation every day. Let's say there are 100 million coins left in circulation from 1 billion. In this case, when a new flow of finance comes in, these finances will be multiplied by these 100 million. Because the remaining 900 are in the wallets of hodlers. This is how artificial cosmic capitalization of the project and a huge price are created.