Market Manipulation

Hello 👋 I have been investing in the crypto market for only two years so I’ve had a lot of good fortune along the way although I must say the crypto space is not for the faint hearted. In this time I’ve learned A LOT to say the least but feel like I’ll never completely understand everything and that’s just in the investing side of it. Over the years like most of you I’ve stared for countless hours at CoinMarketCap and Trading View graphs and watched what must be 1000’s of hours of videos but I have always wondered how true a couple of topics are and would love to read other peoples knowledge / opinions on these two questions. Im basically asking both either “Is it true?” Or “do you agree or know?”about the following two things I’ve read or watched a lot about hearing different angles of both questions/confusions.

1. A small percentage of people own the majority of Bitcoin and other coins/tokens

2. If remark (1.) is true does this mean the market is easily manipulated by these people/groups/businesses

Thank you for your time.