Many people focus daily on K-line trends and technical analysis, but they overlook a deeper issue: the true "whales" of the global crypto market are not located in a specific exchange's data center, but are hidden within the geopolitical struggles over global energy resources.

I have been doing macro analysis of cryptocurrencies for 5 years, and the more I study, the more I discover a pattern—the underlying logic of the crypto world is astonishingly similar to the tactics of global energy hegemony. Today, I will reveal this truth that 90% of people ignore. Once you understand this, your perspective on the market will elevate to a new dimension.

First, let's break a common misconception. When mentioning global oil power, most people's first reaction is Saudi Arabia, but this is actually a result of information asymmetry. I have compiled the latest global oil reserve data (unit: hundred million barrels):

Venezuela leads with 303.2 billion barrels, truly the king of reserves. But ironically, the country's economy is in recession. Saudi Arabia ranks second with 267.2 billion barrels, yet it holds the greatest influence in the global energy market. Iran has 208.6 billion barrels, with abundant reserves, but it has long been constrained by international supply chains. Canada’s 163.1 billion barrels make it a low-profile resource giant, but it rarely speaks out on the international stage. Iraq’s 145 billion barrels are rich, but it is frequently entangled in geopolitical conflicts.

The rankings of the UAE, Kuwait, Russia, the US, Libya, and others are not listed one by one here. But from this list, a clear pattern emerges: having more oil reserves does not necessarily mean you can make money, just as a cryptocurrency with a high market cap does not necessarily drive the entire market upward.

This is the core logic I want to emphasize—the essence of energy power is never about "how many barrels of oil are underground," but rather "whether you can convert these resources into international influence."

Applying this to the crypto market, the same principle holds. The main participants in the market are those who control pricing power, information power, and liquidity power; they can influence the overall trend. A project’s token, no matter how many there are, will struggle to have real market impact if liquidity is insufficient and discourse power is lacking. Conversely, those who may not have the largest scale but hold core influence can steer the market at critical moments.

From this perspective, understanding the crypto market requires stepping beyond pure technical and capital analysis, and observing who is setting the rules of the game and who controls the key nodes of the market. The geopolitical game of energy is essentially a reflection of power structures, and this power structure manifests in any market.