Random fluctuations have moved the price that much on a daily basis. The fact that we are trending downward generally is certainly expected -- it is exactly what has happened 5x earlier in bitcoin's history, and numerous other times in speculative bubbles. It's possible for the near-term trend to be down 90% of the time, and yet the overall long term trend to be up. Indeed, this is expected due to the typical behavior of whales. They moderate demand so that prices continue to gradually fall, all the while accumulating coins. Eventually the bottom is reached when they no longer are in control of demand. Then the bull market starts and you have a very quick run up to an all-new high.

This is a very common pattern. It happens in commodities, it happens in stock markets, it happens in real estate prices. It has repeated over and over in the history of bitcoin.