I dont think so. If you're talking about the real BTC whales/Libertarians then they would never give up their coins to give to Wall Street speculators. They are called HODLERS for a reason. Its rule everything or bust for them. What happened in the market was a natural cycle, the same as any market bubble.
There will always be so many theories when Bitcoin rise and likewise when Bitcoin go down. This time around I have read many speculations on why are are suffering some big loss already but just like you I believe that it is all about market dynamics affecting Bitcoin. The sentiment of the market is not so positive that is confidence on Bitcoin as a whole is affected. In the market, it is all about being bullish or bearish. Bitcoin has been the recipient of many bad news lately and many small good news have become insignificant. The government forces have been hampering the growth of Bitcoin and these forces will be here to stay. I still have to witness anything that can win against the government in the long run...except if there will be comprises along the way. I am hoping though that things will get better soon for Bitcoin.