Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
We do not really need proof, if you take the time to look at any market in which some players have the majority they will try to fix the game so they always get profits, it is simply human nature, and so it is obvious the whales are going to try to get benefits no matter how the market moves and if that means bending the rules a little bit then they are going to do it.