Yes, that's a big rumor going on right now (not saying it's untrue, just that there isn't really a smoking gun). The idea is that whale #1 calls up his other whale friends to coordinate moves, then they all buy/sell huge amounts at the same time to secure profits before the rest of the market can react.
Just harvesting hard earned money from the hodlers. Just keep buying them dips.
Other way around. Hodlers are taking their money. We're seeing the biggest transfer of wealth in the history of the world. And I will keep buying the dips, thank you very much.