I think that's quite possible.

If earlier the price of bitcoin was 20, 000 dollars.

If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market

I think people are dumping to create a FUD so others will dump to and they can fill their pockets cheap for the next bull run because I think the price of bitcoin will indeed reach 100,000 dollars and more but the only question is when... so those people want to make big bucks and sell for a fortune. If I had the money to do this I would do it aswell... but unfortunately I dont so this is more proof that we need more decentralized money... more people need to own bitcoin so nobody has so many bitcoins that he can dump it on the others... but this is just my 2 cents.

crypto can occur with an unpredictable increase, you can see the history of btc increase last year from $ 6000 can continue to increase to $ 20k, indeed this year is very different but we remain optimistic

We call them "whales". They do all that they want due to their resources.

If you look at it objectively, you can see what is really being manipulated by the market, and most likely these are people who are engaged in bitcoin mining.

if there is huge money, no matter what kind of investment is, there are big bosses who control the money.

this can be an effect, I think btc can be influenced by big money, maybe cartels or big investors with networks and connections in cryptocurrency can have a huge effect. so I think anyone who has big money can affect the price of any BTC.

in my opinion cartel do not exist. there are only a large holders биткoинoв, the so-called whales. they affect the price of his massiveness

In my opinion, I don't think there is a cartel of coins that are suppressing the price of bitcoin. Bitcoin would always remain the amazing cryptocurrency that we know of, I believe the drops in prices are always caused by negative news in the media that scares people off and eventually they engage in panic selling.

Firstly, it doesn't seem realistic even if we take into account bearish general trend. No matter what kind of news appeared and how panic sellers were acting, bitcoin's price hasn't fallen below $5900 since the ATH. I think that approximately $6k is a price the vast majority is willing to pay for bitcoin. People are not selling it at lower prices regardless to global FUD, and this price cannot be ruined, unless something really terrible, like World war 3 or quantum computer solving cryptography puzzles instantly. Now to the second point. Believing that there is global conspiracy in any field is just trying to find who to blame for all the things you did wrong in your life. Everything is up to each one of us and no secret group can have global impact on major things.