Bitcoin's "Muskification" Crisis

The cryptocurrency market is caught in chaotic volatility due to statements from Tesla founder Elon Musk. On May 17th, Musk first criticized BTC for not being decentralized enough, and then when responding to netizens' speculation about Tesla selling BTC, he used the word "Indeed," triggering market panic with BTC dropping over 10% in a short time. However, around 2 PM Beijing time on the 17th, when Musk responded to another netizen's tweet saying Tesla had not sold BTC, the market immediately surged 6%.