There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.
It's just the way it is. Don't shoot the messenger.
The problem for the big pocketed folks is that unlike the gold futures market or the stock market you can't naked short BTC. You actually have to have some to sell or borrow.
This makes the market much harder to control hence the weekend/holiday attempts when people can't get fiat onto an exchange.