But this isn't any stock market movement, it's a very risky price action for both sides, and as far as I'm aware, the Fed has never been caught red-handed organizing short squeezes and other risky strategies.
Who can catch them?
American senators and politicians have organized failed "audit the fed" movements for years without success.
And such things are definitely possible without the Fed, the infamous Martin Shkreli organized similar event in 2015 and later went to prison for financial crimes. When he did it, he wasn't some billionaire elitist part of the 1% of the 1%, just some CEO and trader.
Martin Shkreli was imprisoned for lying to and threatening creditors who lent him money.
Shkreli wasn't a market trader. He bought existing stockpiles of pharmaceutical drugs to create monopolies and raise prices 5000%, for profit.