If I have learned one thing in the crypto-space and that ist don't try to make sense out of the price action. We are still miles away before we have optimal price mechanism like those we know from the stock market. There is still to many not reglulated exchanges, market manipulation and all kinds of shenanigans going on. But in my personal view I would pay more attention to the overall technical development of the blockchain technology. And there we can find a lot of good and new developments e.g. Lightning Network, atomic swaps and BTC smart contracts are coming. So, therefore don't panic about the price, soon we will have better market news flow and than the hype and FOMO will start again. To keep it simple buy the dip!!!
Yes and when do we ever have sensible price action in any market.