Important report comes out that inflation is pretty bad (USD)..
Bitcoin dumps off a cliff..
This is the exact opposite of what Bitcoin is supposed to do..
Has Bitcoin strayed too far from its purpose?
Nah, just probably some manipulation behind and wanting to cause panic which it has as it wipe out the gain that we had. So let's wait for the market to settle in, weak hands has to be shaken out, or those who wanted to sell at $22k, get their profits and then reinvent when the price goes $19k-$20k. And to be fair, not just crypto, but the traditional financial market had a major flash crash a well.