The so-called whales are large banks and investment funds. They react to these indicators while small investors ignore them.

#news_update Last night was a truly “fiery” night for the entire crypto market. The constant news from the FED made many people lose their accounts, especially those who played long positions with high leverage without setting stop losses. Leveraged orders worth $300 million were liquidated in just the last hour - a very bad number!
Key news from the Fed last night:
Fed Chairman Jerome Powell has said the Fed is “not allowed to hold Bitcoin” and that whether the U.S. government should hold Bitcoin is up to Congress to decide. But the Fed has no intention of holding any Bitcoin.