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.
I don’t know what has led to the recent drop, but some people, as usual, has been looking for events to tag it to, I have seen a lot of things being said about the drop, but whatever it is, like the op has said, it is a usual thing for Bitcoin. When I checked the charts on coinmarketcap.com I noticed that in the last seven days a lot of altcoins has been growing and they on green, while bitcoin is showing red in the last seven days and has decreased in value. Starting to look to me like the trend is about to change, I guess it’s getting to altcoins season just as I have been seeing that trend in the past few days.