There is war going on between Big Finance (led by JP Morgan) & the Trump Admin (backed by MSTR). This BTC drop is artificial market manipulation (gold suppression tactics) to derail Trump's plans. See this X post for details:
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Interesting, there is also a MSTR delisting attack going on, but then again old finance vs. crypto is not new and existed since Bitcoin was created, but now it's on a completely different level, more between institutions / US gov vs Fed etc.