Regarding the recent price drop, the reason is that the German government sold BTC, MT Gox paid BTC to customers, it is unknown whether customers sell or hold.
However, on the positive side, FTX pays cash to customers, Trump is likely to rise in the upcoming election, inflation has decreased, there is only nearly 1M BTC left outside that has not been bought by the house. The price of BTC decreases to create selling pressure for BTC holders to help bookmakers collect more cheap BTC.
And when the collection is complete.... Push up to create further fomo because the 58-73k area has been collected by the bookies, so there is no BTC left to collect, only push up to create fomo and will gradually sell BTC along the way, the price Going up is also a way for veteran investors to take profits and collect again.
So, in my opinion, the recent shake-up is just a way to get rid of investors with weak psychology and liquidate Long.
Previous halving BTC went from 9k$-> 3k$ in 1 day then went straight to 62k$
