Yes, it's sad to confirm that it's a Pump and Dump game.
I also know that the Bakkt launch failed but that news could not have been the reason for the market's fall.
The reason here is that sharks have begun to observe charts and psychology of traders, when after 3 months of selling alts, trying to push the price of Bitcoin but failed, then it is time for them to dump. .
this is the cycle usually takes place in markets where effort crypto failed to push prices of the shark, and we should get used to it.