Why did bitcoin fall? Because governments sell them profusely, right?
Except for the US and Germany, the UK, Netherlands and Australia all have bitcoin transfers to exchanges.
Where are the Bitcoins that governments sell? Revenue from social brothers who commit crimes is not arrested.
For example
"Local criminal authorities had previously seized bitcoin via various cases, including pirate portal Movie2k."
The governments of India, China and Korea have also had several arrests and confiscations, but have not said anything. Probably waiting for a higher price to sell. Asian governments have plenty of money, no need to sell urgently.
These are all one-off events, they're all sold out (if we haven't caught any more criminals, where can we get the crypto to sell).
Some people predict that ETF will have outflow. Then there will be inflow again at some other point. I don't know what that point is.
Lesson learned: when governments need crypto to play, just go and arrest the social brothers. Reputable reserve supply source.