There is nothing healthy about a mass sell-off of an asset that is fundamentally broken on so many levels.
Agree with the mass sell off part. This could be the part when we are in denial... But what's the basis for BTC being 'fundamentally broken'. Sure it could be if you compare it to the more traditional assets, but BTC is something new that it's really hard to judge it, predict its future or even classify what it really is.
And it's open source project at that. So it's its own animal.