I don't think many doubt your stance that this market is manipulated. Assuming entities with lots of money are somewhat even rational, they would make use of this easy-to-manipulate-market.
The thing is, things happen opposite of what most people would naturally think. Such as...
"BTC just dipped 40%!! Its SO cheap!" and "BTC just dropped 40%!! but I am HODLing!!!"
you get the idea whyy.