If you want to find what factors caused this drop today, you can find it on social media, newspaper, everywhere. Because news will satisfy you and make you feel those factors are actual causal contributors of the drop.

But if you don't read news, don't care about news, you will see Bitcoin actually needs a correction. It is what it should be, a correction and this correction is still smaller than many past corrections of Bitcoin.

• The Bitcoin crash of 2021 compared to past sell-offs

Go with fundamental rather than technical.

• Controlled supply
• How is the 21 million Bitcoin cap defined and enforced?
• Halving countdown timer