The whales are just placing the right cards at the right time and then the market will go healthy again. They are the reason we got the price at $20k and we'll hit it again once they start operating.
Yes, you're right. I believe that bitcoin can recover soon. Though many people are getting worried about this market price downtrend. But, for me this should not be taken seriously. This is only part of the game in crypto business. Maybe they wanted it dip more to enable small investors also to take or grab the opportunity so that many can benefit the big spikes of bitcoin's price soon.