There is no citation but isn’t it obvious what is happening in this unregulated market? What do you think is happening when the price of Bitcoin is driven down

There is no citation but isn’t it obvious what is happening in this unregulated market? What do you think is happening when the price of Bitcoin is driven down 70% plus every so often? Then what do you think happens as it goes sideways for so long? Maybe I’ve just seen this cycle a few times and this is my cynical take. But I think it just makes sense.