I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
Of course there are always known reasons why market reacts in positive or negative way. If they were always clear and known it would be much easier to predict possible situations. But people need explanations and justifications, especially if there is a price dump. Usually every explanation is just pure specation that can't be taken for granted. To be able to expain some situation with Bitcoin price we should know all background informations and deep analysis should be done and we are aware that is not always possible.