I think the 'manipulators' are less frightening than some of you might think. It's probably safe to say that the spot market has become nothing more than a tool to boost their leveraged trades on platforms such as BitMex. Back in the days it was more like them accumulating plenty of coins, pump the market, then dump at others. Right now it's more like them solely resetting the spot market to levels within a safe range.

There doesn't seem to be much desire for them to tank the market to insanely lower levels for maximum profits (at least for now). If they are in for a wild ride, they'll just increase their leverage multipliers and reset the spot market to levels at which their gains are satisfying enough. As long there is enough respect for $5800 people should not worry.

Exchanges globally should put some effort into finding out who and what is contributing to these obvious price resets. As long as that doesn't happen, whales will continue to have free game.