It's just the whales keeping the price down so they can buy more.
From my experience, when people start saying that the coin is dead.
Its an idiotic thing to say anyway - to artifically keep the price down you would have to be selling more than you buy, so you are saying that these 'whales' are selling coins because they want to buy coins, which is clearly foolish.
If you do not know anything about trading strategy i suggest that you do not post, since it will make you look stupid.
If you just are ignorant i forgive you, and i will in short explain this for you.
Those who are not used to big fluctuations in market price will easily panic when there are sudden pricedrops in large numbers. The way the bots/whales work is making money by swing trading, nothing else. The bigger fluctuations, the bigger profits. How can you create these fluctuations? Well you look for the smallest amount you need to dump to make the price drop most. So you dump.. beginners panic and you wait for them to start selling, creating sell walls so that it looks like ALOT of people is selling, but in fact it is them selfs.
When you are done you wait until the market recovers (by helping the market your self sometimes). Repeat, repeat.. the bots have stop loss functions. Would never continue if the losses are biggen than the wins. To consider, there are a few tacticts the make the price drop though, one is FUD, one is pump/dump or combined.
If you do not get these BASIC strategys.. well sorry dude hehe
EDIT, also it looks pretty fucking stupid to promote bots in you signature while saying the above is not true. HAHA
I'm fascinated that you think such convaluted market manipulation is a basic trading strategy. I promise you the vast majority of traders wouldn't even think about trying anything so complicated. And most bots use very, very simple strategies (increased complexity equates to increased risk).
If a whale can create big swings in the market like this - by selling just a middling amount and causing a sell off - then that means that the whale was the only thing holding the price up, artificially, before that. If everyone else just panics and sells as soon as a whale sell then it means that they have no real confidence in it anyway and don't really believe it deserved its price.
In short, this kind of manipulation only works when there is no genuine market - when the entire market is just people playing games like this - which means that there is no real value.
In any case, regardless of the merits of your 'trading strategy', when I go to a coin's thread and people are talking about 'whales', 'holding down the price' it just smacks of desperation, because it makes it clear they have nothing positive to say and are just grasping at paranoid straws rather than accept the innevitable. In addition, I have never once seen a coin recover after hitting a point so low that people start blaming 'whales holding down the price' - which puts a lie to your theory that whales really want to buy the coins and will drive the price up again in the future.