I do agree its not about investors the huge manipulation is done by whales they are making strategy whether pump or dump the bitcoin . Lots of people entering crypto space to become millionaire in over night . Recent trend shows people who entered crypto currency in 2018 got huge losses .
The moment bitcoin falls below the price they bought it gor greedy people with weak hands lets go of their bitcoin and strong hands gets to buy it. The more these coinns falls to strong hands, the more its gonna make the prkce of bitcoin goes up. If people hold their coins by the time it drops, it helps the bitcoin price. If we sell when it drops, it hurts the price. i believe that many users now are interested in the technology behind every project and thats why bitcoin will never die,price decreases because of fluctuation and the volatility but it doesnt mean it will stay as this because recovery follows every fall and thats the nature of cryptocurrency