From the bearish market it seema that there are individuals who were benefited with cryptocurrency and taken it as an early christmas gift for them. Probably those who control the market are mostly likely to be the direct benefactors of bear market. What do you think and who do you think control the market of cryprocurrency?
People who have purchased bitcoins from a price lower from what is it today are actually benefitting from their investments. Depending on their goal, either short/long-term would benefit them depending on the outcome of the market. In addition, individuals who utilize cryptocurrencies as an alternative income benefit from its existence. In general, almost everyone who has cryptocurrencies on their wallets benefit from it.
I am one person who does not believe that the market can be controlled by someone or a group. in the crypto market, there are only 2 types of investors and traders, namely smart and stupid. Beginner investors or fools when they get a loss will say that the market is controlled by a number of people, even though the loss they get is the result of their carelessness in making a decision. It is their decision that can make investors and smart traders benefit.
I don't want to disappoint you but a market can be control and without you even know it.
The biggest source that can control a market is the media. They can bombardize you with fake news and you will not even realize that they are fake, leading you to make the wrong decision that it is for their own benefit and not yours.
The market can be control especially to something which is scarce in supply. Whales can definitely manipulate the market by altering the demand and supply. Like what you said, media can sway the decisions of investors which can affect the market price. Although there are multiple factors in this area, the market can definitely be manipulated and changed by the people.