Bitcoin has been targeted once again with negative speculations over the media and it all started with flashing news when bitcoin reached its ATH and gradually publishers most possibly sponsored by government or banks are trying to question bitcoin's stability and we see new articles everyday stating Bitcoin is going to drop massively and all. This definitely affects nee entrants into Bitcoin which might lead them to withdraw it.
This time they are not directly targeting bitcoin but gradually.
I don't think it was made intentionally when the price dropped to 30k from 40k the majority of Investors were shocked because we never saw such a massive drop previously it's was almost 20% isn't this a big drop? and did you thought this was just a correction? I think that's the reason there was huge panic sell and most of the people came across so many articles.