Macroeconomic Concerns

The crypto market, as it matures, shows an increasing correlation with traditional markets, especially in the US:

Inflation (PCE) and Interest Rates: Ongoing concerns about inflation (such as the PCE index in the U.S.) and expectations of interest rate policy by the Federal Reserve (FED) generate a sentiment of "risk aversion" (risk-off). When economic uncertainty increases, investors tend to pull capital from more speculative assets, such as cryptocurrencies, and seek safer havens (such as government bonds or cash).

Global Liquidity: Historically, the price of Bitcoin acts as a "Global Liquidity Barometer". When there is a tightening of monetary policy (withdrawal of liquidity from central banks), risk assets, including Bitcoin, tend to suffer.

3. Market Sentiment
The Fear & Greed Index (Fear and Greed Index) is a tool that measures investor emotions:

A sudden spike can drive the index into the "Extreme Greed" range. The correction is often seen as a sign that the market was "overheated," forcing a pullback in optimism.

Recent reports indicate that sentiment on trading platforms has become more cautious or even bearish ( as a result of the correction, reinforcing the idea that short-lived euphoria has given way to fear of a deeper decline.

In summary, you are right: the correction you observed is largely driven by profit-taking by large players, who found the trigger in a combination of macroeconomic factors )inflation/interest( to take money off the table.