Probably fake news, people panic selling, people selling for profit then buying back when price is low.
We cant say that surely if people are really selling for getting the profits or whether they are really going with this strategy.
I know the panic sell is going on for sure but im not sure if they are selling to do the "buyback"! The news is fake, yeah we don't know yet at all. If the news is fake then this is bad the people are believing such FUD's and working on their sells strategy !
They should not be dependent upon that one, they should be strong in such situations really.