I have a guess

Bitcoin crashed early last week and then rebounded hard along with everything else.

However, bitcoin bounced harder than most things.

I have a guess as to why.

Literally the day after the big crash, Morgan Stanley opened bitcoin ETFs to all their wealthy clients.

(Source: https://x.com/BitcoinNewsCom/status/1822264135419154863/photo/1)

They allowed their wealth management division to start pitching them to clients.

This is likely why an influx of money rushed into the space happy to buy on a dip.

This was a great deal for them compared with where prices had been and they were happy to scoop it up.