Events like this are conditions created by big investors to make bitcoin targets reach the highest price, when prices are unstable they will make massive purchases, so that at a certain time they will sell at high prices, this condition deserves their blame (PAUS ), even big investors have manipulated the market to get the bitcoin price to go as high as possible, only they have that power.
they're known whales in the market, and yes ever since before they're the only reason why market suddenly fell and suddenly makes hypes. Perhaps professional traders only can recognised them where they will gonna make pumps and dumps since they're very knowledgeable when it comes the structure of the market. Just saying because its very unpredictable to honest especially if you're just a simple investor. Now i know why a lot of people keep telling others to keep learning about crypto market.