The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
You realize only time whales win is people selling to them. If Hodlers start to outnumber the whales its going to hurt the whales.
Everytime the dip happens the hodlers control increase.
Whales almost never play on buying shares from people at currectrate. They bet on gathering assets in early phase of monetary scheme. Which BTC is.