Something is really wrong with the market, but alot of us are overlooking it with the way the big guys are manipulating the market, all hands are pointing directly to CZ, the manipulation started after one big whale bought more BTC and reduced, another one bought after 5 hours, it dropped again, but what i noticed is that as this was happening CZ was already talking about correction on his official X account. This shouldn't be so, it shows most them are doing this to take out the long traders.
Whales are at a
disadvantage compared to small traders due to
slippage. "Big guys" can't "manipulate the market".
Big guys actually can manipulate the market very easily and exchanges even pay them to do it (certain ones). Especially in the case of CZ where he has a ton of insider information. The way it works is like this... They look at their order books and the leverage... They see that a certain sale of BTC will drop the price a certain amount and liquidate the leveraged users. So they sell, liquidate everyone, and buy back cheaper. Some exchanges even give them a bonus for hunting liquidations like this. It is a rigged game. That is why you must always avoid leverage and not get shaken out by dips.