Those who manipulate the market count on such panic of traders. Thus, they increase their financial condition. Whales will be able to increase capitalization themselves, they have enough money for this.
Unfortunately we have people around who always try to maximize their own interest and keep the benefits of the rest of the people on line. We say that Bitcoin is decentralized but I beg to differ for the market has always been manipulated and Whales every now and them make considerable addition or reduction into the market thereby disturbing the equilibrium which is something that do not recover so quick afterwards. Same is the current situation.