What do you think is the most responsible factor for the massive drop in Bitcoin? The main reason is Trump's trade policy revision which has led to tariffs instead of expanding trade with countries around the world. The unrest began after Donald Trump signed an executive order imposing additional tariffs on China, Canada, and Mexico as previously announced. This situation has led to countermeasures from all three countries. As a result new trade risks have been created around the world and economists are afraid of further inflation.
If we have to look at it, it's the tariff that he has imposed on this 3 nations that might have cause some doubts on his administration and that it affected some investors to pull out their money right now, not just in crypto market, but all other markets have suffered a correction already.
I would also point to the big whales who manipulate the market through their manipulation. Or to pull down the price for buy the dips. Or something else?
More buying opportunities should be taken due to the impact of Bitcoin dips.
Of course, whales and institutions love this kind of dip, and since they have deep pockets, they are going to buy again and they will have to thanks that are selling right now. So after this buying spree, I think we can go back to 6 digits again this month or even have a new all time high if we will have a new positive news that will stir the imagination of the investors to buy and FOMO.