I think that was just the straw that broke the camel’s back. Profit taking before the halving, tax selling as the deadline approaches, and forced liquidations probably played a large role as well. Maybe with some luck we won’t see a post halving profit taking drop because they’re all getting out now, but I also wouldn’t be totally shocked if we revisited $52K one more time before a year long bull run.
I am not predicting anything and don't want to scare the "children", but I can see even $40-42K as a remote, albeit unlikely, possibility.
WS "loves" to jerk the strong assets up and down to weed out the "weak hands"....witness 2020.