Casino's: house always wins on the long term.
Sports betting: House always wins because most don't have the patience to wait for the good games and gamble preferably 24/7 (just like trading).
(online) Poker rooms, taking a percentage (rake) from each played pot (just like brokers/exchanges, guaranteed and no risk).
Sometimes doing giveaways and special things to keep the intrest of the players/gamblers/traders alive ;)
So those are not around for the gamblers/players/traders to make money. They also don't want them too loose everything, they want them to always be able to play and as long as possible to keep everything alive. Think most people have gambled at least a few times in their life and we all know the saying, beginners luck. It's as if a casino has a special radar to spot a first timer and letting them win the first time. Why? Because once you taste an easy win, you can never go back. Wise people eventually know when to quit gambling before things get out of hand. Others can never let go of that winning feeling and always hope (maybe even pray) that it will come back again (FOMO).
Now back to my theory. Think it's safe to say that crypto exchanges had an amazing year in during and since the ATH . With huge volumes all over where they were making big bucks on a daily basis. Since the failed rallies at 8500 and 7400 we can see that dropped a lot. The candles don't give the correct picture, so i wrote the volumes i remember seeing on average during those periods.
Now i can write my thoughts about what might have happened, but it's a bit too much conspiracy theory ish :). So i rather let you think about it yourself and your more than welcome to share what you think might have been going on. Of course eventually i will post my theory on this part as well later on. Only part i will say upfront, during the 3K zone, almost everyone thought Bitcoin was dead and many even started to feel as if, maybe, just maybe it was just one big hoax all along. What is general sentiment now?
Oh and before i forget, the Bitfinex/Tether (this one is maybe a bit far fetched) and the Binance hack that happened back at the 5k. Mentioned it back then as well, because we never saw any follow through on that news. Felt like it was being used to eventually short squeeze people who shorted on that news.
Please don't forget to like if you appreciate this :)
The previous post i mentioned: