When price drops over and over everybody thinks that is bad and their invesment is going to loose or they already in loose. Generally this causes loosing hope to that coin, and people generally sell and exit from market.This maybe great for manipulators because they want to control market. right now there is a resistance to manipulators and this causes manipulators to gain less. they earn with volatility and it is decreasing as you can see in yearly graph. so best option for manips is reducing volume so that they gain more control. And for to reduce volume they create hopelessness by lowering price. When you see price is going well to high points you feel better but they cut your dreams with a steep fall like just a few days ago. investors sells or waits that cause reduced volume. And when the volume decreases they can ride the price easily.
Yes they want to be the ones that are controlling the market and they also want to be the ones that are making the huge profit. This is just like in the real world politics, our leaders wants to continue to be the leaders like forever and they keep on deceiving us and stealing from us they never want to come down for the youths to get in, rather they remain there till they die lol. Well, I just wish there is a way we can get rid of these price manipulators.
If this is really happening on cryptocurrency then the decentralized feature is not effective and not satisfying the purpose of coming against any government. I like to believe the manipulators are having a tough time, since March. Manipulation requires a lot of money, they hold the largest size of bitcoin and still want to take the few ones from people.