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In centralized exchanges, the vast majority of coins are highly controlled, and what everyone holds are just exchange credit certificates, not truly on-chain tokens. This is also one of the main reasons for the loss of confidence in the crypto market, as it has been undermined by centralized manipulators.
BERA is also a highly controlled order book, and market funds are hesitant to enter. Retail investors are also reluctant to chase highs, and the manipulators dare not truly push prices up. Any attempt to do so would cause low-cost chip holders to dump.