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.
I think traders have trapped whales. They were very smart in pumping the price of bitcoin up to $ 20k by the end of 2017 and making traders believe that the future of Crypto is excellent.
They bought a lot of Bitcoins at $ 19k and now it's $ 6k2. This is a very bad news and makes many traders abandon the market.