I think that in the past, bitcoin was more susceptible to manipulation than it is now. We can all see that despite its volatility and certain cyclical patterns, it doesn’t always react to events the way people expect. You can even see this when looking at large corporations, for example, MicroStrategy. It seems to me that the larger and more established bitcoin becomes, the harder it is for even big corporations to significantly influence its behavior.
Also because there’s more liquidity now compared before on most exchanges that makes the price less volatile compared before that even a 1M worth of Bitcoin sell-off or purchase will pump/dump the price massively especially before the Binance dominate the exchange industry.
CZ is also super quiet now which is one key people on crypto that creates trend on the crypto market in general before.
There’s no much key people that FUD or Shill hard so the price is not that volatile anymore. Simply crypto investors are not buying easily any news now.
