The Bitcoin trend looks almost same every bear market before bull run. It is a norm that the price of Bitcoin always drops so that people can buy more of Bitcoin. I believe at this stage, there is always a market price manipulation by the whales to take advantage of the market situation to drop down the price so they could accumulate more but at this point, one needs be careful and not sell off because they might miss the bull run out of panic selling of their Bitcoin as a result of fud.
As it stands now, it is very apparent that Bitcoin is again being played by Whale perhaps to delay the halving prematurely.
But everyone already knows that Bitcoin will experience halving, it seems that the current halving is not like halving in 2021 and no one knows Bitcoin will touch the highest price in how many dollars but if Bitcoin does not pass ATH this could be bad news.
It is not a surprise that whales would want to manipulate the market for their own interests. We all know that bull run is around the corner and many investors are at it wanting to accumulate more of Bitcoin so in that course, they would have no option than to manipulate the market by spreading fud to get at those who would be in a haste to sell but the truth is that people are now wise and would not fall for such tricks of theirs.
It is true that big investors can affect the market by purchasing or selling significant sums of Bitcoin. However, as you mentioned, not all investors are easily swayed by their decisions. Many experienced investors are aware of these strategies and make judgments with a longer-term perspective.
However, as the Bitcoin market grows, several factors may limit the importance of whales. First, the market is getting broader, with an increasing number of individual investors and small institutions. Second, more complex trading tools and platforms are becoming available, allowing investors to base their judgments on factors other than the activities of major investors.
These amongst several other factors can result to limitation of the importance of whales