Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).
Any thoughts on whether that might be true?
I mentioned this earlier and looked into a bit further.
The China story goes that they wanted to liquidate and bankrupt Elon. Possibly connected to him fucking with bitcoin. He caused a dip and then proceeded to buy a ton. Also the colonising of Mars is another connection. China has ambitions there too. Taking out others like Saylor would just be a nice bonus.
Elon did tweet "diamond hands" and the volumes of money/coins that came in and out of the market does make the story slightly more plausible.
There is also some funky shit going on with tether. They are trying to avoid being audited.
All in all I think this is the craziest bitcoin and crypto has got!