I can say he has had a significant impact in the market although that has reduced but still his tweet does. If I want to sell, I won't make an announcement about that which I think Elon musk too won't do even if he sells.
Do you think Elon Musk has also contributed in this dump and has he already sell his investment?
I know that whales and people like Elon Musk already know what is next for the market and they take exit at points where ordinary people fomo In. I am sure he is selling his bitcoins too along with the other whales.
No one knows at which price exactly Tesla bought Bitcoin, when they announced it Bitcoin was trading below €30K.
If he sold one-third of his purchased amount that means already he made a huge profit from the Bitcoin market when it reached above €60K.
So, he can hold the rest amount easily without any fear, two-thirds of his share is enough to contribute to other whales.
I'm sure he will come again to influence the market when he will able to buy Bitcoin at his desired price. People like Elon Musk always know how to make a profit from the financial market.