However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.
To the Moon!
People are just riding the trend. I wouldn't argue that crypto market is dictated by billionaires or whales, but I am sure that those who rides the altcoin trend now will eventually sell their holdings and go back buying Bitcoin on its dip accumulating more BTC in their stash.