Bitcoin was initially pegged to the stock market throughout the year, with a nearly perfect >0.75 correlation. PayPal news certainly started fuelling bitcoin's run, but let's remember well. That stopped at around 15,000-15,600. After which, many strange things started happening, including bitcoin going up many consecutive weeks with low volume and low general...
Markets tend to be (intentionally or unintentionally) manipulated by bigger players. Such is definitely the case in crypto, and that is why we tend to witness more price fluctuations. Here we can assist to an example of accumulation. A particular person, or group is showing signs of accumulation when ETH was between 515-530. Not letting it go much under that...