I think leveraged trading plays a big part in short-term volatility. I was tracking the long/short ratio on leveraged platforms (e.g. bitmex and bybit) and it was 80/20 for a while yesterday. Not long after, we see a dump.

Can't help but to believe in the conspiracy of leveraged trading platforms manipulating BTC price to liquidate users' positions for profits. But traders are still flocking to these platforms like moths to fire. Strange.

Anyway, I thought the 50 BTC was moved by J. K. Rowling? :p