Positioning drives the market

It is a battle of bulls v bears, it is a war, when one side shows vulnerability, the opposition strikes

When longs pile into resistance, they risk getting blown out. When shorts pile into support, they risk getting blown out

This is literally just how markets function

There is no great conspiracy, positioning just drives the market and if eye watering size enters the market publicly in a less than ideal spot, a vulnerable spot, the market often punishes the positioning. Especially in a rangebound market

It is a war, if you show vulnerability, you may get stricken down by design

Back before BTC became so institutionalised, I tweeted about this stuff all the time. Before it lost its edge. It's just how markets function