Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
Market is not controlled by anyone but it is most definitely manipulated y big players.
For decades penny stocks and big stocks have been manipulated even in their regulated environment, so what make you think that BTC with its low volume and thin books lately cant be manipulated? it can and it is.
Just what I am thinking. Anything that has market can be manipulated by large sums of it. Say it's gold, stocks or fiat. It all can be manipulated.