My opinion is that big investors are dumping the market with bad news and ETF rejections because they want to invest for the lowest possible price.
They are smart, they know that only investors in panic will sell them Bitcoins for cheap price.
I agree with you, the fall of the cryptocurrency is due to the will of large investors who want to buy bitcoin and other currencies at a low price
Whale dive in most common terms those who will sell out to panic will be wash away by those who have a lots of investment to use, I'm sure everything will be alright bitcoin will pumped back and what we need to do is to keep hanging don't sell never been move together with the trend but calm down and wait, buy if you see some coins that already in the dip it will bring profits after.
For the bear market seems to continue till the next year. On the other hand, there are some negative issues about crypto existence in the next year. Indeed, it is a difficult situation. So, I think it will take a rather long time to see a better upcoming market situation.