I think bitcoin drops because of the price correction.
You don't say! Who could have imagined Bitcoin would drop because of a price correction.

Well, that is why we called it price correction and not just those little ones that we had after all the insanely huge increase in value. Bitcoin was meant to drop anyway as the whole whales decided to cash out while some who did not really know what they were really investing in, got scared and also cashed out as well. Bitcoin will still increase later on and start testing back the previous top soon.