ITP is the most common cause of acute thrombocytopenia in otherwise healthy children, usually occurring 1-4 weeks after a common viral infection. The exact cause is unknown but is thought to be due to autoantibodies against platelets. Clinical presentation includes petechiae and purpura. Diagnosis is made based on thrombocytopenia on CBC and normal bone marrow biopsy. Treatment options for acute cases include IVIG or corticosteroids, while splenectomy may be considered for chronic cases. Supportive care and vaccination against encapsulated bacteria are also important aspects of management.