This story is worth considering!
Old Te's supporters hold a large amount of Bitcoin, so they reached an agreement with Old Te. The content is very simple: Old Te's inaugural speech must express support for Bitcoin, and whether he actually follows through after taking office is not important!
So they used public opinion to boost the price of Bitcoin during the transition period before Old Te took office! When people were all anticipating Old Te's policies after taking office, the confidence of the buyers reached its peak, leading to a sell-off by the holders!
Old Te doesn't care about the thoughts of the retail investors; what he cares about is money, the capital behind it. Only if they profit can he secure that position! This move kills three birds with one stone: both bulls and bears are wiped out, and Old Te can become president as he wishes!