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Yes, I do agree because in market anything can happen. This market can't run only by whales manipulation. If I'm not wrong, currently many small investors also holding a large percentage of bitcoins. At this time if some bad news comes out about the crypto market then in a panic all small investors start selling then whales can't hold the price at $5000.
a bad news coming out and price dropping because of it is not the same as whales manipulating the price and trying to crash it. the reaction to bad news is coming from the market itself as everyone sells, for example if ETF is rejected it will be a bad news and there will be panic sells and every speculator would want to take advantage so they'd sell. but a couple of days ago when they kept trying to push it below $6k was manipulation and it failed.