For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
There is no conspiracy here or any drama or events that lead to this drop, it is just the nature of the market and how it works, bitcoin has been going at it for quite a bit and the price was sitting at around 10k for a couple of months now and it was time for it to go down, and that comes from the lack of support not just from investors and projects which have been minimal this year and also from simple traders that don't see or have any motivation to do so, but this is probably gonna change as we get closer to the halving next year.