I guess It's kinda the opposite of the so called "santa rally" we see in the stock market each year. But I used it as an opportunity to buy the dip as did many others apparently. When Bitcoin dropped down to $12k it only stayed that low for about an hour meaning there's lots of eager buyers waiting to get in at a good price. I paid about $13k per coin which is fine with me.
I also have the feeling some people may have taken profits and waited for the drop to increase their position size by buying back in lower with those realized gains.
But yeah, that old grinch....he could've meddled in our crypto affairs as well lol.