Putting too much concentration on how the market appears volatile can be discouraging to us, and we may also take a wrong move because of fear of missing out, which has cost a lot of people, we should also at this moment try as much as possible to do away with some event of breaking news that could be discouraged in especially when the market plummet, because many will use that to create fear in the minds of others as a result of the market fall, which could trigger for selling at loss by the ksr who couldn't afford to continue holding.
The news is shocking and this is a manipulation of the market that is indeed regulated, affecting fundamentals with all kinds of negative news that ultimately makes retail traders panic and whales wait to buy below.
This kind of practice happens all the time and many of them panic sell at a loss for fear that the price will continue to fall.
Even though when you already hold Bitcoin and buy at a fairly low price, there is no need to worry, because some rise to the new ATH will also occur.
Panic that results in a loss-making sale will only result in regret.
It's not worth it to trouble your emotions over short term volatility because it's certain that the price will rise again breaking out to historical price even when price has seem to fall down to the bottom.
Whalers will also find manipulating the market as strategies to buy more bitcoins in cheaper price after faking news to sell that moves others especially the plebs who tends to copy the actions of the whalers.
There had also been scenario's that the whalers try to tricks us with their buying or selling news which we're supposed to treat as speculations and never to take them to heart because they can always make U-turn after all. Then those fallen on the trap to sell out of fomo becomes sources to get the rich richer.