I may be getting old...11 May 2021 10:37
... but I've seen this pattern so many times now. MM's drop the price, panic selling ensues, stop losses are taken out and then the bid rises... Experienced investors watch and grin. If you can buy, you buy. If you can't, you just switch off for a few minutes and smile at the drama unfolding.
As someone once said - investing is the intersection of economics and psychology.
:-)