It's scary that one entity can do all this. Makes me fear what banks might do, since they can definitely profit from shenanigans.
The cryptocurrency market is dominated by wealthy speculators. The bad news and the deliberate push down prices of many investors can make the market fluctuate in the next time so I advise investors to calm down during this time, do not panic to sell Take your crypto and then buy it at a higher price.
When you are dumping a whole lot in an exchange, it generally affects the general price. This is where traders are and they obviously will not see things like this happening without trying to be careful and opting out first. After all, there is nothing to worry about as the market will definitely survive the whole thing and when he eventually gets done with all his selling and there is absolutely nothing to sell anymore, what will be left is going to be demand and then we will get to see the increase normally.