elon made a status on twitter which made a lot of people panic and maybe a lot of whales who used it to make the price crash and it seems that everything is elon musk's fault, but you have to know if elon didn't make a statement like that then there wouldn't be a dump like this.
Yes, Elon's influence is bigger than China's, he's really taking advantage of his influence to dump the price of btc, but I think this might be a strategy to buy bitcoin at a low price, or make an opinion to switch to another coin and pump it up
i am confidence to say, elon has his own agenda to earn huge money from crypto currency market. if he has not special agenda why he doing it all. elon and china now the most important news sources and as trigger for every movement. ignore any news from them really make us trapped in dip for long term.