The bitcoin market is controlled by large investors. They set the rhythm of volatility. After all, it is their income.
Volatility is a deviation from a certain average. Yes, during distribution, high volatility, during accumulation - low. These processes are initiated by large market participants. But volatility is generated by medium and small participants. Big players make money in large time intervals and large price differences. Local price fluctuations (volatility) are not interesting for them.
I agree with you. Recently I saw information with a screenshot. The man was holding a short position with a price of 19,000 dollars. True number of contracts is not shown)