One of the potential reasons for the recent drop in Bitcoin price could be related to the phenomenon known as "hunting for blocks" or block reward halving. This event, which occurs approximately every four years, reduces the reward miners receive for validating transactions on the Bitcoin network. As a result, miners may start selling off their Bitcoin holdings to cover their operational costs and secure profits before the halving takes effect. Additionally, investors may engage in profit-taking, anticipating a possible downturn in price post-halving. For more information on Bitcoin halving and its potential impact on price, check out
https://ultramining.com/en/btc-halving/ .