ATOM price is reaching for the Cosmos, but why?

Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week, which is exactly why its 35% rebound is raising eyebrows.
Source: ATOM price is reaching for the Cosmos, but why? (https://cointelegraph.com/news/atom-price-is-reaching-for-the-cosmos-but-why)
Would appreciate your opinion about this