If it was not for the whales it is likely the price will be even lower, after all who do you think is buying all the coins of the investors that panicked and were selling their coins? The whales of course, so if anything we should be happy the whales believe in this market and buy so many coins, but whales despite their power cannot make the price of most coins to go up so until more investors decide to come back to the market we are stuck with a market which will not move much.
It's good to see someone defend whales rather than accusing them of manipulating the price downwards to buy in cheaper. There is no shortage of whales are manipulators fools in here....
Most of the people don't provide buy support to an exchange, whales do. The average buyer places an order at market price and have it filled near instantly in most cases.
Whales provide buy support to protect what they hold in Bitcoin, which means that they protect your value as well. It's hard to think of entities who aren't down from +$6000 to where we are right now in terms of USD portfolio value.