I think that the nervous market of the last week was caused by that rumors regarding china and Evergrande.
I wouldn't be surprised by anything China related to bitcoin. Even if it's a conspiracy after Charlie Munger's next statement. It has been perfectly strung so that the shorts deliver a heavy psychological blow. After the rain it was clear again and the market was bullish and saturated either sideways or negative, it was a normal correction with unusual factors. Lol
I feel like it is just manipulation that they like to do, there is really nothing that makes sense anymore. Sure it looks like it is going to be a bear market time to time but I can't really say for sure. I feel like maybe china could do it as you said, but what if people assume it is china but it is done by someone else.
I have heard all the stories about how Chinese government CCP ends up buying shit ton of short futures and then create a big news about how it is illegal to even own bitcoin and then it crashes and they make so much profit and they just wait a year or so and then repeat the task. I mean thinking back there has been so many "china banned crypto" type of news, if it is banned then it is banned, how many times can you really ban something? This is why I do agree that all of it could be manipulation and maybe it is all fake.