The short answer to this is yes, but we all know that the short answer never does Bitcoin any justice. So what is the long answer you may ask? Well, there is no one long answer, but there are a couple of indicators and factors that may hold the answer.

One of the factors that play a role in volatility is the activity of Crypto Whales and here is how: https://www.tap.global/on-chain-activities-suggests-bitcoin-volatility-will-continue

Do you think Crypto Whales play a significant role in Bitcoin price volatility?