As we can see, the current bear market is easily explained by the people themselves - not whales nor institutions.
People tossed the dice when all was green, and when the coin fell on red because a whale fucked them over, they first panicked and then lost interest.
Thing's too risky for folks without a clue, which is true, and now they are all saying, "look, no parabolic rise !" while they are staring at the charts with their money in fiat. How boring !
Which is of course a self-fulfilling prophecy, because with their volume gone, bitcoin obviously cannot climb.
This way, our brave would-be investors are refusing themselves another green wave, wondering where it has gone...
The human herd animal is a sad psycho case, it cannot summon any constructive group power from base at all - only from the top can that dynamic be enacted, by FUD or sweet talk or direct orders.
This is also the reason why humans will always be ruled by elites, and accept directives from above, and why democracy must forever stay a hoax, a godless religion for those not quite gullible enough to believe in the heavenly 'real thing.'
What's more, the idiot Chinese whale in question has already threatened to sell the rest of his BTC once the price is once again high enough, thereby insuring it won't happen.
Wail - so no free delicious ?
No. You failed the test.
The market once more belongs to the hodlers and pros, and the price level stays around 10 k for bitcoin, which may well be its accepted value for the next several years. It may be oscillating between 8k and 12k, with a jump to 14k and a dip to 6 here and there... the more I think about it, the more I like it.
The bitcoin bubble hasn't really popped, it's just over by mere shrinking, and the would-be Lambo owners are investing in Fords and Toyotas with fake spoilers once more.
https://cointelegraph.com/news/google-searches-for-bitcoin-slump-in-synchronicity-with-bitcoins-price