People are just herd animals, once one starts screaming hysterically and running, the rest follow.
If they just shrug and stay, massive gains follow... if they run, they lose a lot and after a while, whales gather up all the lost money. That's evolution, why should stupidity survive ?
That's what distinguishes the human primate from other animals : it's sober intelligence ;))
Not.

Discipline is the thing, so banks and whales have pundits here who try to write the market down.
There's at least one article on cointelegraphe every day, "Crypto Market In Red, Total Market Cap Down $100 Bln Since Monday" and so on. Scream, scream ! Run, run !
So they run.
Haejin is one of the herders, who calm them down, and thereby he's the archfiend of the powers that be...