Maybe it's the halving and miners pumping to maintain income?
In the short term, Bitcoin gonna make a bunch of people richer, but with the majority of those who take a bite of the apple, ending up poorer, just cos this is the way zero sum games like financial asset trading must be.
How can this be a zero sum game, when there is only a limited number of bitcoins on one side and an endless amount of fiat on the other ?