Actually, this drop isn't that complicated. I feel like it just rose too much and is merely a normal pullback. However, this pullback is a bit severe. The reasons are as follows:

First, the Federal Reserve doesn't have the authority to purchase reserve BTC. It's just a monetary management institution, and the law doesn't support its purchases, nor is it a legal tender.

Second, there are many people in the world who are not interested in BTC. Have you been down on your knees too long, trying to find recognition everywhere? How long has gold been around, and there are still people unwilling to buy it. Once everyone starts entering the BTC market, there won't be much fun left.

Third, one reason for this drop is that the expectation for rate cuts over the next 25 years has decreased from 4 times to 2 times. Moreover, this isn't the main reason for the drop; more so, both the U.S. stock market and BTC had risen too much previously and needed to drop, that's all there is to it.

You have to believe that a bull market won't end that quickly. Picking up passengers in reverse, even the Trump family has been caught; why panic?

The Trump family has 90% of their funds heavily invested in Ethereum, and they are already stuck. Even with a big drop yesterday, they were still buying coins, picking up passengers in reverse to stabilize things. Being stuck also has a U.S. president accompanying you; what's there to panic about?