Bitcoin is not controlled by anyone, nor can whales control the market price. But whales play a big role in price manipulation. They try to create a panic message spread through a large number of trades to trigger certain actions in the market.
Whales usually try to put a bad situation in the market by doing this, investors are afraid and stop investing but bitcoin cannot be controlled by anyone, it is decentralized. Bitcoin is on the rise that is the demand for it is increasing currently, although the central banks of the world have not accepted cryptocurrency yet it is thought that they will accept it very soon.