This is what often happens in the cryptocurrency market.
Sometimes you just see the price of the entire market going dip as a result of statement made by one influential person. Such persons are agents of FUD and yet you continue to reverend them because of their past or current achievements. They scare you to sell cheap to them, and later, they reverse their statement through someone else probably their cohorts, then the prices start to skyrocket again, then you start playing catch up to buy again even at prices far above what you sold to them. And the process goes on, starts all over again.
Again, for newbies and noobs this is a unpleasant discovery, Why because they really now what do and the only thing they wanted to see is to get profits out of this market. But when whales manipulates and started to toy wit the markets, its hard for newbies to understand what's happening, so they either panic and cash out and left, or stay in the market and see how it pans out. So its really a hard lessons and a expensive one.
My friend! wise up and stop allowing someone to switch you off and on. You are not a toy robot.
Learn to stand your ground amid such manipulations or low market prices.
Now that they got the attention, I'm sure that sooner or later, those newbies/noobs will learn a thing or two on how this works so I hope that they won't fall for the trap again. What they really do is nothing, just HODL and let that panic selling subsides.