These sellers are only following the big players, that's the only point in this market.
They can follow but if they are smart they can also follow what the whales are doing.
If they follow on the sell only then it's not being smart, it's being a weak holders that will regret when the price starts to rise.
Whales or big players can easily manipulate the market, they do it like they are a regular trader, which means they also buy and sell.
When these big players wanna buy more and more, that will create another FOMO that will be forced little shrimps to follow it dude.
These will happen but not this time yet, it will take time and big players will continue to accumulate while constantly
shaking the price to cause some panic from the weak hands.