Yeah makes no sense to me either.
Peeps are taking flight to the currently perceived safe haven, the USD (Ironic as that sounds).
Only when BTC has a long established track record and enough people use it for long enough will people realise that their hard earned is safer in BTC than anything else.
Until then its roller coaster time.
We all know where its going long term and I for one am happy to keep HODLing.
To da Moon brothers.