This is one of the problems of IOTA, just like Jinn or NXT. Too much marketing and worry for the price, instead for the real product and its application in the real world.
You shouldn't focus on the price or whales, you should focus just in the product.
How it really was:
Nxt - pumped by John Pete Manglaviti the Scammer solely with the purpose to dump
Jinn - in stealth mode, so you can know nothing unless you are David Copperfield
IOTA - 100+ BTC daily trading on-book, unknown amount off-book
So, while your reasoning may sound convincing for newbies, for old BTT users your real thoughts are transparent.