$BTC the reason behind the price drop:-

Yesterday, the Bitcoin ETF outflow amounted to $55 million. Among the key players, Grayscale's GBTC faced a significant net outflow of $166 million, while BlackRock's IBIT saw a contrasting net inflow of $111 million. Fidelity's FBTC remained neutral with a net inflow/outflow of zero.

From past couple of hours BTC is retaining its value because of the retail investors,they are taking advantage of low price and acting bullish in market, you can clearly analyse the bullish pattern after the yesterday dump.