Do you feel this market just flows naturally and it's just weak hands throwing money into the wind again and again? Or do you feel that there is a more sinister hand at work here?
There's nothing
natural or
organic about the recent dump. IMO it was clearly an attempt by the whales to trigger a new round of panic selling so that other whales can buy cheap.
How do you know? If some people unload some large positions at a price resistance, is that wrong? Maybe they just thought it was a good place to sell because they expected price to drop. How do you know it's whales and not lots of smaller holders?
Crypto market can be manipulated because many investor have athousand BTC and they is early adopter of crypto, they can to manipulated the price to make more profit.
These beliefs people have about whales aren't grounded in reality. Bitcoin's entire price history is up-up-up, with thin books everywhere you look. You really think whales who dump hundreds or thousands of coins are always able to recoup them? No way! Lots of whales have been harpooned and are just little fish like everyone else now. Coins have been distributed a lot over the past several years.