Apparently bunnies molt every three months!
This is good to know because there are more patches of gray fur that pulls out really easily. Not all bunnies molt, but some do, so Picard must be one of them.
The important thing to note when your bunny is molting is to brush out as much of the extra hair as possible so they don't get hairballs.
The molting process can lead to bald spots, which is apparently very common. Picard doesn't seem to have any of these spots though.
Luckily, Picard is getting better about being brushed, and he doesn't seem to mind when I pick out extra fur while he is eating.
http://www.verlannahill.com/molting.htm
This website has some cool information on molting and shedding.
