You're right to point out ETFs but there are also other mechanisms these maniacs can bring into the space to control it. But, at the current time, I think we still have enough grassroots BTC holders in the space which is a real force, even now. It is stiff competition for the big boys.
I can totally see why BTC reflects the true market value because BTC was supposed to be decentralised, uncontrolled and for everyone. But that was a little while ago and as we know things have changed. Nonetheless, as I have just mentioned, us little people still have the ability to push back, let's just make sure we do it.
I am glad you enjoyed the post @bleujay, thank you for your comment and support.