In my opinion, these whales might have something to do with the price manipulation of bitcoin causing the market to go bear market. SEC should make a move to control this manipulation that affects the btc market in general and they should be held liable for what have they done. In the event where SEC could mininmize such manipulation, definitely btc market will recover soon in the coming months. My thoughts.
And what of you think it is going to happen if we found out the SEC put some whales in jail? Do you think the market of bitcoin is going to recover? Because to me that will crash the market, besides the SEC is acting as if there were not bigger whales in the stock and bond markets doing the same thing and manipulating the prices to their advantage.