According to Arthur Hayes, former BitMeX CEO data shared Purpose ETH puked 24,500 BTC into North American Friday Close which caused to run the stops and dump the price to 17.6k and get above after the sellers finished selling.
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April 2022
This is Celsius Network token it went up 10x in a few minutes and retraced back even fast.
This is what market makers can do liquidating positions both sides in a few minutes.
There was news going around that Celsius has started repaying the debt which caused this pump and the funding was insanely negative which indicate many people were holding short positions on this coin than long.
In a few minutes all of them would be liquidated who didn't had proper stops.
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