People's speculation do say that it's about the halving and we'd see a dump before it happens. So, I gues that's what they're talking about and that's the dump that they're anticipating to see and now, we're ready to move onto another price soon which will break the former ATH and might get into $70k level soon.
people love market recovery than matter correction. And lots of thing already happened within few days. Bitcoin surpassed $73.7k worth price already which is the Top ATH till now But it also dumped from its peak and currently standing at $68k something. And as altcoins industry verily depends on bitcoin action, that's why they also dumped. But Correction is natural after such pump. Although I don't know when halving effect will be seen in altcoins industry.