Use your common sense. At the very least, be cynical about all of this.
I can't come up with an explanation for any of this really, that really makes sense to me.
Best thing I can come up with is this was a struggle between Wagner and the MoD, rather than Wagner vs the Kremlin, and not a real "coup" to take over. Prigozhin needed something to avoid Wagner getting folded into the MoD. Once he got that, he had no reason to keep going. There was real fighting, as reported by the Russians, sure it was fairly limited, but losing air assets seems extreme for a psyop. Putin also made multiple public comments regarding their internal problems while it was going on. At the very least that was going to push opinions on Wagner, which if its a psyop doesn't make sense. It also ensures that Wagner gets sent out of Russia, which is something else they clearly wanted. But Prizoghin did ended up making some public statements against Putin, including calls for the civilians to rise up. Ending up in Belarus seems an odd destination.
If it was orchestrated by Putin, I am not sure what he was trying to gain, unless he needed an excuse to dismiss Shoigu. But I am not sure why he would need a fake coup to do that. If Putin was trying to draw some other enemies, doesn't seem like any popped up before it was called off. Maybe it just wasn't announced. But again that is really risky because triggering a revolt is hard to stop. Also not sure why he would have initially balked at the peace negotiations if it was his plan all along. Also having to get Luko involved, doesn't speak towards Putin himself being very powerful.
If it was orchestrated by the US/CIA/West it seems odd that it ended relatively peacefully, and you would think a denouncement would come after the agreement. yet to happen. you would also assume Ukraine would have taken advantage of this and coordinated something. and I would assume then that Wagner would not have stayed in the Russian sphere after.
idk, maybe it was some 4D chess they just needed an excuse to reposition Wagner from the South, into Belarus without raising suspicion. As Wagner seems to be the only competent part of the Russian military, maybe they are wanting to open another front from that direction. also would lull Ukraine into thinking Wagner is out of the fight, and thus not expecting a fight from their direction anymore. but again the coup specter looms very large as a huge risk in a Russia that is clearly not fully behind this war. and publicly turning opinion against Wagner, if you assume Putin is as popular as some think he is, seems like more damage done. and they did actually shoot down some air, and there was actually some fighting.
like I started with nothing makes a ton of sense to me.