Here’s a hint: there’s no reason in the square, or it’s just like drawing a random picture to start predicting the market, the more certain and confident they appear, the more nonsense it is. Essentially, it’s just that your backside decides your mind.
It’s highly likely they are about to face a liquidation and are panicking without a plan, or they are perfectly missing the opportunity to get on the boat. Don’t believe it, just treat it as entertainment.