I don't even think that whales are the ones who make it go down, they just have to nudge it a bit downwards and all the weak hands end up starting to sell it, which is quite bad when you think about it, but that's just the way it is right now. When people see it go down, they do not care about it and they do not really consider that as an option. I personally believe that we are not going to get anything good as long as people don't hold, there are a lot of people who sell way too quickly when it goes down. Some of it are stop loss's, and some of it are liquidity that turns into USDT from btc, all of which does drop it, but there are also many that just sell out of fear as well.