Why did BTC make such a big dip on Sunday, down to $51K?

There are 3 FUD REASONS for that and the TRUTH

1. There was a major blackout in Xinjang Province in China, resulting in a 40% drop in BTC mining!!
- This also means that BTC is not as decentralized as it should.

2. US TREASURY is charging (not investigating) Financial Institutions for money laundering using cryptos (=Crypto Exchanges, bcs Banks haven't touched cryptos.. yet).
- Could it be Coinbase, did they wait for Conibase's listing (70% of Coinbase shares were sold 3 days after its listing on the markets)? Binance, etc? Exchanges without KYC?
- US Government wants to protect the US$ at any cost.

3. The market ran too fast too quick

The main reason is:

To complete liquidate the "Longs".

Yesterday's Total Liquidations: $10B

But...

Traders are still bullish, not worried, and happy to buy the dips.

It was just a 15% and not a 25-35% drop and is recovering nicely ($57K right now).
The price will hover above the $50K for a while, which is a good buying opportunity before it hits All-Time High again.

Another thing to consider is that the Altcoins went down not as much as they should, which are also recovering nicely too.

Warning if BTC goes down to $41K, which is 37% away, which doesn't seem to be realistic
We need to worry if it goes below that mark.

PS: This is just my opinion and not financial advice.