It's probably neither. Past experience would suggest a double digit move either way isn't surprising. But equally, it's not correcting anything as there's no m

It's probably neither. Past experience would suggest a double digit move either way isn't surprising. But equally, it's not correcting anything as there's no meaningful book value to correct to. These are likely just fairly arbitrary moves that will be followed by other arbitrary moves. As the markets are almost completely opaque, unless you're the person dumping, attempts at attribution are mostly futile.