1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
the rich might be buying at that price, but there are a lot of people who will be selling because they've already made high profits, so even if the rich were still buying the price would continue to fall
2. News and future events should be already priced in, except a black swan.
this time the price is falling due naturally as in any market, the news is not responsible for this drop
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
this is absurd