1. The cycles are obvious if you look at charts.  The exponential rise from $15  will of course retrace, and that is normal.

2. Most LT holders will still be quite comfortable if it gets down to $30 in the next few months. That will provide a better base.

3. Shorters closing out were the buyers at extreme prices over $100.  Longs would not have bought at such a level . Even the fhe faithful can see it is too far ,too soon.