Not denying any of that but cryptos have not provided any use cases whatsoever in the last 5 years. 99% of cryptos are just pump and dump schemes, No one will take it seriously when a memecoin gets pumped 800% in a day, BTC can't go mainstream because large amounts of BTC are owned by whales already who do co-ordinated pump and dumps across exchanges.
Those other institutional investors already pumped it from 20k to 40k in a month and probably have been selling off gradually. They already doubled their investment and will buy in back later when it goes back down to 20k or lower.
Also actual trading volume is not representative of the actual money being pumped in and out of the market.
It's the same amount exchanged from one hand to another until there are enough bagholders for the system to crash the market significantly, that's why it tanks so badly when it does.
The white elephant in the crypto world which only the brave acknowledge.
medium.com