The whales are now dumping their coins and it has caused a major fall in the bitcoins price. But even after those dumps the supporters of bitcoin with its numbers is trying to overcome the dumps by buying more bitcoins from the market in the low price. Many bitcoin supporters are happy to see the price of bitcoin to fall down since it is a signal for them to buy more. More power to bitcoins and to the community, its time to buy more bitcoins!
I agree whales or not that are selling, this is the best time to get cheap Bitcoin. Drama about scaling is getting noisy, be glad, this means the patch for this problem will be implemented soon. So better buy lots of BTC before it go upward again.
do you think the fall in price is because whales sold theirs?
do you have any backing proof
Partly some of whales sold some part of their stash, you can see it on the volume. But I think bigger percentage of the sales are from shaken weak hands. They are forced to sell their holdings due to panic and lack of faith in Bitcoin.