I clearly do believe this is a perfect move for banks and institutions, during the crisis in US & of course the geopolitical tension all over the world to sweep any liquidity from the markets during this crash which is just the beginning.
The whole market is crashing, and everyone is investing in crypto which is the most volatile and aggressive market? IMO BTC is just "checking" the waters above and will retest before failure to the bottom support zone.
Whoever bought after the spiked began, IMO is already -40% to -100% and they don't know it yet.