HSBC was involved in $100,000,000,000 money laundering in 2015. Price manipulation at the highest level in possible.
Huge amounts of money can be sent for illegal activities.
And for the best part of it, being a non-regulated and decentralized environment, it got so easy for any whale or institution to manipulate and go scot free with it.
Apparently, we have seen how the market has been for a while now and it is damn obvious this is an extremely manipulated market. Some may not want to see it, probably as they are clouded with some of their own judgments, but the truth is that, whichever way, this manipulation is a strategy for the whales to keep getting richer.