This behavior is expected, it is normal for whales to try to push the price down to get Bitcoin at the lowest prices, especially during the festive period when the movement is almost at a standstill.
But the question is how far will they continue to push the price down? This is not clear.
In any case, for the long-term investor, this is not important because he set a goal and will not sell before achieving the goal. As for the speculator, he must be careful and stay away from the market in the current period, at least until the beginning of the new year, when some movement is expected in the market.
I am a long term investor, but i speculate aswell to maximise my accumulation. I'm sure there are many like me, not everyone being either an investor or trader only.
Me, I am a long-term investor and what I want is for bitcoin to drop more, as much as possible, because I want to own cheap bitcoin. I don't want bitcoin to rise again too soon. A lot of people are expecting bitcoin to increase in price in the new year, but I am expecting the opposite, and I am glad that many people believe bitcoin will rise again. Because I see bitcoin always tends to go against the crowd, and this time I hope it will repeat.