Whales have no control over it during the bearish market. It's not the whale but the global economic has been pushing people to dump their tokens and exchange it to the cash or fiat money to keep their value from the volatility. You must also aware if there are some crypto companies that already collapse and even venture capital like 3ac was also going bankrupt as well. That proves that if the world is not yet fine for now. The roller coaster may still continue if another bad news will come very soon. prepare yourself.
Well, we should have known in the first place that the whole crypto market is like a roller coaster, one time they're up, the next they fall down. And volatility keeps it from doing so. However, there are big whales that come to take advantage when the market is especially bearish, but they have no control when the market turns into deep bearish since its the worldly events that gets to influence the market more. When there are inevitable negative events that are happening in the market, expect that the market will follow a roller coaster moves.