Is this all planned work or just the brutal of a bear market because it seems that in every bear market worst things like this always happens.
Now I have no choice but to believe that 10,000$ BTC is possible.
I wouldn't call it planned, neither call it spontaneous. Whales, traders and ordinary people saw bitcoin price jumped to +$21k and with the long time below $20k, I think it is normal to see them selling a part of their funds or trading violently to get as much profit as possible.
We are now under $17k which is low and not profitable imo. It is actually time to buy. If the price will continue getting down then it will be driven by other big things.