I don't think we can accuse and blame others, the situation now must have been made by a group that has a big influence on the cryptocurrency market, I am also confused by the current situation because almost all cryptocurrency prices have declined in just a few days.
Those who can influence the price started it and then panic selling strike that's why the price is what it is now. Many people didn't expect that it would go below $5k that's why a lot got liquidated and then now, it seems that the price is bouncing back so if you are still brave enough to have a position then do it and always exercise risk management because a lot of people nowadays do regret not placing a stop loss.