This is naive and less informed opinion to speculate #MarketDownturn to few technical factors.
as @Richard Teng mentioned here on square that it was a result of multi-macro economic global factors, well beyond the control of market makers.
off course markets around the world were a bit over leveraged from the start of the year, greed and fear index was flashing high.
main stimulus to the #MarketDownturn are global recession fears, dollar dominance and it's subsequent weakness resultantly shaking markets.
one thing here to note is the phenomenal bounce of #BTCâ from the lows of sub 50k levels, and has steadied ever since.
two assets in chaotic economic and political periods show resilience historically (at least since 2011), namely Gold and Bitcoin.
corrections are healthy and my heartfelt condolences to anyone going through losses and downturns, hope and pray you go through it and recover your peace and finances.