Same question I have BitChick. It really seems as if more is going on here than just a whale with a lot of coins selling. Someone seems to have an endless supply of coins and is actively trying to suppress a market that would naturally rise if not for the massive sell walls. If they are trying to destroy market confidence, I say it's likely working so far.
Remove those walls, and I guarantee that we'd be at 500+ in 2 weeks, and with rising volume.
But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer. Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.
Right.
So how exactly is this different from $32 to $2 in 2011?
If we're subject to "manipulation" now, we most certainly were manipulated back then.
If we were manipulated back then, how exactly did that work out for the manipulator / Bitcoin in general?
tl;dr People need to relax. Price goes up, price goes down. Sometimes the latter takes longer than the former.