There is no depth in the market probably. No walls, no supports. That's why it is being manipulated easily. Simply there isn't enough volume in the market to resist whales with big wallets.
I agree with you. Forex trades in volumes that go over trillions of dollars 24/7, all around the world. Bitcoin trades in volume that is less than some of the top companies' stocks in the US. We are under the impression and
illusion that bitcoin is on its way to rule the world. It is not.