as people have fear of it
only the newbies who fail to understand bitcoin have fear of it and make irrational decisions like panic selling during a rise or selling at the bottom. and that was the drop that happened more than a month ago.
the rest aren't fooled by some online nonsense.
yes many new people enter the world of crypto even they do not understand about bitcoin, they just follow the trend and age, they feel can aya quickly, but after seeing the reality they feel panic, they invest without having knowledge