Yes, they are. We are going down to $2500, perhaps to $1000. Some bears are saying we can be back to three digits.

The institutions are mauling it to the ground. Some users, to feel more confortable, are saying it will bounce back in some days, but it will not. I myself have hope it will recover before march and reach a ATH right there.

But I admit, its more hope than a rational understanding, because one fact is very clear here: big money have entered the market. Its not tether, because Ifinex probably already recovered whatever they had used to pump the price (its 2.3 billion against a 100 billion drop). Its not the chinese new year either, because crashes in other years were milder and shorter than this one.

Its simply... death. Thats what big finance did to gold and silver, and they are doing to cryptos right not. They are shaking it very hard, so that when they open the Nasdaq futures, they are in control of it. If you read the news, they are not sure yet if they will open futures in Nasdaq. I guess they will only open if they have dominance of the market.

The situation is scary, we can be close to zero in a matter of weeks, but the fundamentals are still there. Question is, should we sell now to buy back lower? Or are we close to the bottom? When it was 10k, people said it was the bottom. Then theres the user support at 8k. Now we are going to miner support at 5k, and after that, what will be?