It's not a thing of surprise anymore to see bitcoin dip about 10 to 20% from its previous price of $48k on it's price within the late December to earlier January after hitting a good price, after which price started declining without control to the level of $38k as current price. Who knows what could be the next dip and this may lead to 35k to 30k causing serious panic to the market and holders, please any thing the cause of the dip as we know it's based on news.
To much hype happened on ETF and after the approval happen maybe there's a lot of people cashing out their profits and that maybe the result.
But also come to read this article since this also have relevance regarding on your question and maybe you can learn something from this https://u.today/key-reason-behind-bitcoin-btc-price-crash also this https://u.today/massive-200000-bitcoin-btc-dump-expected-in-60-days-mt-gox-update
If this is really happening well we can really expect a dump to happen so maybe its time to follow those good updates happening since it can give us good ideas on what will be the next thing to happen in the market.
