not necessarily. especially with huge holders as chinese mining farms and current bitcoin whales. their coin count will only increase in the coming years. the volatility is something we will keep seeing for as long as bitcoin exists. i think it's great since volatility is what attracts fresh money. and fresh money coming in is needed to keep the market healthy and liquid.
Ya it is true that the main mining holders are Chinese but it is due to the low cost of electricity but even then the holders of the mainners are from outside of Chinese even then they are going to get much more profit as they are the real miners of bitcoins. until they dont dump high their wont be much volatility and now more peoples are getting confident on bitcoins so due to that even on market crash their are so many who are ready to buy back bitcoins on low value , so their is always support on selling side.