First I'd like to thank OP for posting the information. Very helpful since it is detailed.

It's sad knowing a lot of people lost that time when the market went down after climbing a new peak. And at that time, I did not have any holding in me so I was not affected. Thinking those sudden investors buying BTC at $19k did sure hit them a big lost but we don't know if they sold their holdings or they continue to hold them until now waiting for bitcoin to rise again above their purchase price.

Hoping for Part 2 as I don't have the whole picture regarding what really happened.