Richest people getting ready for economic crash.
As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.
Becouse when alot middle class and poor people start buying it means crash is near.
They only care about profits. Institutional investors and big investors have their own strategies to gain profits out of the market. People like Elon musk have influenced so just think what will happen if he announced that he bounty 1 billion in bitcoin. Surely it will pump and he announces that after he brought his BTC. That means he brought cheap and then use his influences to increase its price. That's what they are doing now.