"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."
Exchanges and large companies also have a significant impact. And this whole mechanism should come together and only then the market will change, but for now they are waiting for positive news, which in principle are not foreseen.