The positions of the whales are too large for anyone to influence them. Even though the supply of bitcoin is constantly decreasing on the exchanges, and this tells us that it is being accumulated on cold wallets, and this is most likely done by the same big players.
Where there are profits, there will be sharks, we will never be able to stop them. They need money just like us, and i don't see any harm in having whales involved, it will make the game more interesting with the significant volatility made out of them.
Unlike the stock market, the cryptocurrency market is still highly manipulated, which is why it is so attractive to whales.
I totally agree, the crypto market is being manipulated by big players, not by supply and demand. This is easy to see, but many people deliberately do not accept this fact, they still think that bitcoin fluctuates due to supply and demand. I believe that cryptocurrency is where many big players gather in the market because it is an open market without any regulation. They will freely manipulate without fear of legal sanctions like the stock market or foreign exchange.