Many called the development in the recent days a bull trap and it looks like they were right. I was also very skeptic given that there was no positive news regarding regulations, rather the contrary as the SEC has rejected 9 further ETF fillings.
i agree, recently pumps are quite precdictable and so easy to be dump with ease, i think it will take a long time for this market to recover again, bull traps are waiting for investors to buy more tokens, however we should be careful before investing because the market is not rising yet.