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.
It is good to put the returns into perspective across different asset classes. I think we all know that bitcoins can't rise forever. Markets tend to follow cycles, there will always be an up and down phase. It remains to be seen if we are in a down phase at the moment. Taking profits is fine, but would you really sell your coins for 50,000 Usd when the price was close to 65,000 a week ago? A rally could happen suddenly again, I would keep my coins at the moment.