I think it can definitely be seen as a blip and a warning. It just seems that every bull run there are people who can influence the price at the drop of a hat. Like all crypto holders are absolute nancies who drop everything at the merest whiff of regulation
I do believe you are right and that they own directly or indirectly enough of the miners to get up to some shady antics.
Fingers crossed that this bull isn't over. I am sure it had more to give!