The market has been attacked by banksters, cartels, and central power and this creates a lot of FUD in the space. People are influenced by those events and panic sellers, weak hands, and speculators remove their money from the space.
Then the whales and people with a huge capital increase their position and repeat the cycle.
Do not panic and HODL!
Yes, I agree with you, it is a strategy of the parties who want to take advantage of the panic. They were happy to see many panicked and then forced him to sell. So, I think keep holding and waiting for the green market again.