In 2017 we've seen a number of huge corrections, mostly on news manipulation.
Last two months however lots of money came to the market. For them the feelings are similar to 2017 mart-june, when everything was growing fast.
Now these new investors must experience huge correction and emotions related with those red candles.
If we are not going to another ath, which could give +50-100% more, we should fall hard.
P.S. take a look how USDT/USD behaves - so similar with May sudden collapse