The recent drop in the price of Bitcoin (BTC) is due to several factors. Since December 6, BTC has experienced a significant correction, falling below $97,000 after being above $102,000, which caused massive liquidations of over $700 million in leveraged positions. This movement particularly affected traders with long positions, who accounted for the majority of the liquidations.

Despite this correction, some analysts believe it may be a period of consolidation within a broader bullish trend, although short-term conditions remain uncertain due to macroeconomic and market conditions.