I might be wrong but I think the main reason for all this manipulation is the result of the impact of BitcoinSV. I do not know what Craig Wright is doing, but his attempt to ruin BitcoinCash have worked.
The approach that the currency is different from the market "rises at any drop" and today most currencies lose against the profits of it "Bitcoin -2.90% BitcoinCash -13.74% BitcoinSV 16.40%".
24H-Volume is higher, and in the next few hours, it may outperform BitcoinCash "Market Cap: $2,015,757,716 to $1,777,644,354 ".
What do you think?
i think it's fairly obvious that craig wright and his cronies have been doing everything they can to dump ABC and pump SV. they've achieved a temporary flippening (like bcash over ETH), but momentum looks to be waning. the on-balance volume on BCHSV doesn't look very healthy. it looks like it'll collapse pretty hard after all this propping and pumping.
i believe the BTC crash was going to come either way. the only effect the bcash fork war had, if any, was to trigger it. $6000 just wasn't as strong as everyone thought.