This is because the Bitcoin and Altcoin holders are easy to believed to FUD making them to panic of selling their Cryptos. Actually, the big whales will trigger the selling together with the FUD news and making the people to panic that if the price successfully down then the big whales will buy it again. I just hope that soon, many will learn about this strategy of market manipulation in which ETF is our only hope.
You are right, this is because of the weak hands that always believes fud without knowing and searching that this is only a strategy to manipulate cryto price.
Yup those who have weak thinking and have no such mind that the price of bitcoin will be high soon, we should not follow such type of people because they are only here to divert our attention and to make us sell our bitcoin after being worry about the price of falling price of bitcoin, we should have fait and never panic our bitcoin at this time it will be high once again.