It's because he's trying to force the flippening, and the current bear market is only helping him in this situation. I mean, just look at the market, Bitcoin is dumping like a fucking sack of potatoes, without any bounces (except the one to 4k+).
Fair assessment.
I dare you to find a similar pattern starting with 2013-2014.
I don't think that it is fair to attempt to suggest that patterns need to be the same. They might be and they might not be.
For one, we already know, as you seem to concede that the BTC market is really not very BIG in terms of liquidation avenues, and if you can figure out ways to strategically place your assets on exchanges and your FUD, then you are going to have some success in manipulation and being able to take advantage of momentum that you help to create and strategically hope the direction goes in your favor for long enough.
Even during the capitulation of 2015, where Bitcoin was considered a worthless ponzi scheme and the general sentiment was just negative, you had healthy bounces after every drop.
I agree with you that sentiment was worse in 2015, but I question you about "healthy bounces" being that materially and significantly different to be worthy of any kind of meaningful consideration of them being beyond normal market movements, and when I say normal, I mean manipulators are going to manipulate as much and as far and for how long they are able to get away with, even to the point that they might lose money when they lose control over the situation and it springs in the other direction - even though many times, manipulators are going to have a decent amount of hedging for either direction, but they can only control direction for so long.... especially if they are continuing to push down, for example.
This shit right now is just made out of vertical lines to abyss. It's clear that this nut case is probably dumping the bitcoins he stole from his dead friend Dave Kleiman into the markets in order to make it look like Bitcoin is crashing and people are running to Shitcoin SV. It's the exact same shit that happened back in 2017 with Shitcoin Cash
Yes... shows instability and pushing beyond expectations, which is kind of expected... it is expected that matters will be pushed, if possible beyond expectations... What else is new in bitcoinlandia? especially when there is also shitcoin fuel (and snot nosed 14 year olds) that can be used, too?
Craig Wrong has timed this thing perfectly. He has managed to leverage the current bear market into his favor
Possibly you are giving him too much credit... there is some luck and coincidence too, I am sure. and like you suggest there is some benefit if the market is ready for such manipulation, too.