What is the reason for lowering the price of Bitcoin?
There are more sellers at $7,000 but who will buy 1 Bitcoin for $7,000 ??
Some 4,000,000 Bitcoins could be sold which were purchased before 2011 or 2012.
It is pretty obvious that people with so much resources can actually buy a lot of bitcoin even though the price is at $7000 USD or even if the price is at its peak, And this people are the whales, I really think that they can manage to pull a manipulation with the value of bitcoin or other cryptocurrencies,
And for OP I really think you don't trust bitcoin and your doubting it can be destroyed that easily, You don't see the big picture on what bitcoin can really do, Just look on the previous movement of bitcoin it done something like this before and it just pull up many investors instead, you can sure see from its movement it doesn't really budge that much and staying put with its steady price so just wait for another bull run.