I think a bunch of degen crypto traders got spooked with their money trapped in exchanges that are getting gradually debanked in a scary weekend. So they scurried to Bitcoin to preserve capital, maybe with the intention of cashing out later when things settle. I suspect that's the reason for the recent price spike. But think about it: this is exactly what Bitcoin was made for. Maybe for a few of them, the point will sink in. Welcome to hard money you can't fuck with. Stay awhile, see if you like it.