I think people need to stop reading too much into every bitcoin price drop. It is a known fact that Bitcoin is a volatile currency/asset. It's normal for the price to fluctuate. Going from 120k to 115k in a week is not something we should read too much meaning into.
Agreed but the speculators won't want to let that go, they always want to read meaning into everything that's happening to the market but there are something that'll happen without needing a reason why it happened. Some people think they can know the reason behind Bitcoin price drop or increase but that's not true. Bitcoin should be left alone and we should focus more on buying Bitcoin instead of arguing why the price is dropping or not increasing. There are times when the price can increase despite the inflation rate dropping and the same can happen for when the rate doesn't drop. The market is full of emotions and people make decisions based on how they feel all the time.