I though this sudden dip can be a corrective price action from impulse count since the price has managed to drop over 20%. However, it turns out to be accelerating further back for about 24 hours trading activities. Hence, people get to buy the dip price of nearly 32k had huge profit right now. I think this dip is a pure whale sell off and possibly a market manipulation given that it bounced back the price so fast. Considerably making the market highly volatile for a moment on bitcoin market... which in fact showing weaker buyers and that is the objective of getting out weaker holders.