Why is there a surge?
Actually, there's no need to overthink it. Don’t think about some sacred mission to change the world; at its core, this is a nefarious game of capital. And the essence of the capital game is harvesting.
How to harvest? It's simple: by driving up prices to stir investor emotions and attract more people to buy in. If the price is driven high enough, after a while, it will start to fall back. However, if the price remains at a relatively low level for long enough, especially when everyone is guessing it will continue to fall, the market may actually rebound. Why? Because this is a game of market sentiment.
Conversely, when everyone generally believes the market will continue to rise, it is very likely that a downturn will occur again. Why? For no other reason than the strong eating the weak. Large capital will control market sentiment and manipulate prices to attract retail investors, and then harvest their funds at the right time.
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