It looks like $BTC is om hunt and liquidating all the position either it is long and short and people become more fearful as everyone is now in loss and no one is safe either
First $BTC goes up and give a very huge camdle amd people think that this candle might be a sign of bullish reversal opening long positions then now it give a very huge red candle liquidating everyone and now when people think that it the time for $BTC dump again it then again start pumping
It is pure manipulation and sprrad of fear among people so that institutions buy the extreme dip easily while people are out
Stay safe!!!