May look like a Bart, but it's just 2k bitcoin Grayscale dump on Coinbase followed by a leverage liquidation.
Gary knew what he was doing when he demanded cash creation and redemption.

This is different from normal bear market crashes because this money is coming back to bitcoin. It's actually a great opportunity to buy because it's a planned dump where they have to sell to be able to convert their trust. One of the greatest bear traps of all time if you ask me.