So, is this a good thing? I don't agree with you, the drama shouldn't happen, if this keeps happening, they will continue to create drama in the future to try dump Bitcoin again. If they are late to buy, they have to be fair to buy Bitcoin at a high price, don't dump it to make panic the weak hand.
You are afraid of it, but I am not scared because drama has been an integral part of this market since it was created. Like it or not, it will happen, so we can't do anything but adapt and find a way to live with it. After all, bitcoin is a financial market, a money game, and to create volatility, drama is indispensable. As I said, because this is a game and dumping is inevitable, we should take it as a good opportunity if you want to buy low and sell high.
The thing is, I do not consider Bitcoin to be a money game, I always considered that Bitcoin is future solution money. so I take it seriously like I invest property. I don't know why out there, many people still have that thought and think Bitcoin is Goods and can be played as other centralized assets like stocks and foreign currency. So If you want buy, buy it on spot exchange, where we can withdraw it and save on a non-custody wallet.
I didn't expect market makers to fight back SEC the way they did when Blackrock announced that they have requested for Bitcoin ETF, on a normal day, the news wasn't supposed to make gains to bitcoin by $2k from any where the news was made public but I was more surprise they pushed Bitcoin price to over $30k, now I know who always win in this market, hold and disregard whatever these guys do to surpress the price of Bitcoin. Funny thing is, SBF is still there roaming the street the way he likes, the US have hidden Caroline from the public after siphoning billions of dollars, its embarrassing to when I see Security exchange commission say things about Bitcoin.
Yes, Holder always wins, and because of that Microstrategy always DCA Bitcoin at all times moment, a day ago they bought another 12,333 Bitcoin and don't care what happen on the market. Actually, if they want, they can make the bitcoin price dump 1st and buy on dip. But, they look don't care about it, they always buy anytime and at any price. And, I am really sure, They will be top bitcoin holder because have a real bitcoin on their wallet.