I believe its a temporary thing and won't affect the long term bull run. You have to remember there were a lot of people who bought bitcoin during 2017 peak and some of those people averaged down and bought more from the bottom and now they are trying to get out with either profit or at least break even and maybe even for little loss.
Or majority of them really sold out in 2018 and just went out because they can't bear seeing their portfolio going down.
That is why I think from here on out until we go to our next top we will see a lot of drops like this because people will want to get out but whoever is left will continue to fight, these people who sell right now are not the people that caused this bull run, it was caused by people buying and sellers are not buyers they are holders if you ask me and when we get rid of holders and only left with a lot of buyers and some sellers we will go higher faster.
Yeah, we will definitely see some drops along the way. Those who sold out are what we call the weak hands, shaken by the recent drop, but hey it's the only way to really how how the market operates. Maybe need time they won't really sell for a minor drop and will continue to hold and long at their investments for the long haul.
