Whale take another whale for a trip to the end of leverage. 1 whale shorted to caused panic. Bigger whale bought his short and pushed price to make him rebuy.
Way too many people thinking about whales moving everything when whales follow the trend of a market just like everyone else. Even if entities like the Mt.Gox fund controller is around, he is doing the opposite of trying to make a big splash.
We have whale investor and whale speculant. There are whales with houndreds of milions slowly investing fallowing trend and short term speculats puting dozens millions into shorttime trade willing to cause panic or euphoria.
I dont doubt they exist, I just think even a whale must obey the tides. Its the natural effects which move the oceans of the world and the whales are within that change same as the rest of us. Its foolish for them to fight a real trend thats taking place, they are quite likely to lose money
Futures Expiry manipulation attempt
Here this has some credit as at this point in time a contract does expire. I think its called pinning where the open declared interest on a contract wants to pin the price to fulfil a profit scenario for the expiry of that contract.
https://www.investopedia.com/terms/p/pinningthestrike.aspHere we go, the link explains how a price gains special significance at these critical times. I can believe this over just the idea of a whale did it, because its an entire market range of speculators now interested in a price. Same happens without prompting as we approach the 200 day average price, just because people hold this number as a magic reference so it becomes magnetised