So do the whales have the ability to dump us into a bear market on their own?
They would be able to buy cheap Bitcoin but if we're in a bear market they can't sell for huge profits (and then rinse and repeat) until the next bull run. Or is Bitcoin accumulation the be all end all for them?
The whales can dump and pump the market, but I do not think they can do it every day.
To dump and pump the coin will need huge money and it could not do by alone.
If many whales or some groups do that thing together, maybe that can make the market move in the direction they want.
In this bearish moment, the whales are already accumulating more bitcoin because they see a low price for bitcoin and do not want to miss this chance.