It was happened in the market very common.when the price of bitcoin is reduced to low value, the new trader will sell the bitcoin and altcoin by the fear and Doubt. But it's not good. They have to get clear, when the price of bitcoin reduce it will surely recover soon.Because the control of price is not in any one hand.
That is how traders make profit. They scare people to sell them Bitcoins cheap. And latter on encourage those same people to buy their Bitcoins expensive. Easiest cope all that is just to buy and hold. and dont forget to hold it securely.
Traders are simply just playing by the books and strategies, and there is so little impact they can have when it comes to using FUD to drop down the prices and the value of bitcoin.
However, if you want to talk about the whale traders anyway, for sure, this is one thing they will always derive pleasure doing as long as the market remains speculative, and for that reason, their target is usually the weak hands and as long as it is a speculative market, believe it or not, there will always be weak hands and that is like the category of those who simply do not understand why they should be investing in a market and all they care about is fast profit and getting rich quick.