There is a lot of talk about institutional money coming into btc. Does anybody think they wana buy it for 20k? They have money and resources to make a dump. If we want mass adoption and big money flowing in we have to expect things like this.
it would be a disaster for them if they buy bitcoin at $20k, and dump it.
they are wasting their money. but if that was their intention from the beginning, they won't care about that.