Calling it: incoming china ban.
Too small a drop for that.
In the last 2 months I count at least 6 drops like this one or larger.
But the market feels quite differet from a year ago, don't you think? While the volume is still quite high, perhaps it is almost entirely a few robots trading fractions of BTC over and over again. So, when a real trader moves, the price jumps by 5-10 dollars
and gets stuck there, instead of bouncing back...