Looking at smaller picture in the chart, it looks like it suddenly died. It's like a slit throat to the price in an instant, but looking at a bigger image, we can see that it is practically just a small portion of plunge. I don't see any reason why would people panic so much about this sudden drop. It might be looking like because they feel like that it is gonna be fully stable in 6k above. It is like the cemented floor for Bitcoin for months now since that December slow downfall.