A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.
Just take a wider look to understand:
NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. 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.
Definitely a ton of profit taking across the board. The Dow also fell significantly yesterday but managed to recover quite substantially over the course of today.
There should be absolutely no reason to be alarmed. It's almost comical seeing how the news media is making BTC's drop from its ATH a much bigger deal than it actually is (I've seen Bloomberg headlines that talked about how the 'unexplained' BTC correction caused panic in the markets or whatnot).
If you're not comfortable with this sort of market volatility, or profit taking activity, then you should probably veer away from BTC.