You can usually get the best measurements of something's value or cost from a healthy market. But the lending market at that time was completely infected by such widespread fraud that it was basically meaningless.

If you had a situation where a person could sell a car but keep the car and no law or government would do anything to stop them, the market might show a price of $500 for a car. In that unusual situation, the market is not real, and the $500 price is not a measurement of the value of the car.

The Bitcoin lending market was a market of that type. People could borrow money and avoid paying it back with substantially no consequences. As a result, interest rates got bid up to ludicrous levels by borrowers who had no intention of ever paying people back. Those interest rates were not a sensible measure of any price or value, it was just a broken market.

Broken markets really can happen, just not usually for very long. As soon as people understand the particular breakage, it likely will never happen the same way again. The real estate market got inflated this same way. The securitization of mortgages lead to a broken market where the lenders had no incentive to make sure the mortgages were solid. This caused buyers to overvalue them. As a result, the market gave values for homes and mortgages that were nonsensical. Now that people realize this problem, it is self-fixing. Nobody will buy or value securitized mortgages ever again (or at least, significant numbers of people won't) without making sure the value is based on the actual strength of the mortgages.

With luck, this same problem will never happen in the Bitcoin lending market again. But the first step is recognizing the problem and those who caused it taking responsibility. You should strongly consider whether you really want to continue to oppose that process. I'm still presuming you are acting in good faith, but it's getting harder and harder. Perhaps you are profiting from the widespread fraud and theft?