A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
The level of profit taking might have been intensified because of pandemic threats. But, we have seen bitcoin had withstood against all pandemic and lockdown threads last year hence we do not need to change any of our perception toward the bull run of bitcoin; it will get restored as usual but how we are going to convince small and individual investors is the concern here. When microstartegy goes for another round of buying, then people may start stopping their profit booking.